SWEDEN - The fourth AP fund produced a return of 6.4% in the first half of 2007, bringing its assets to SEK 214.2bn (US$31bn), according to its half yearly report.

UK - Watson Wyatt has recruited two new members for its real estate and hedge fund team in addition to hiring new graduates for its manager research team.

The majority of final salary schemes favour a high allocation to return-seeking assets such as equities despite recent market volatility Watson Wyatt has revealed.

ANNUITY forum CHAIRMAN Billy Burrows Director of annuities Aspen Burrows first became involved wi...

F&C ASSET Management is launching a diversified growth fund in an attempt to address a lack of portfolio diversification across pension schemes.

Sharia plans welcomed

PENSION schemes will no doubt be pleased to hear that the National Association of Pension Funds is considering launching a test case against HM Revenue and Customs in a bid to help them recover an estimated £300m in overpaid value added tax.

THE NATIONAL Association of Pension Funds is considering launching a test case against HM Revenue and Customs in a bid to recover up to £300m of VAT for UK schemes.

Fears over advice tiers

TOYMAKER Tonka is to wind-up its four UK pension schemes.