CANADA - The Royal Canadian Mounted Police (RCMP) has been found guilty of a fundamental breach of trust towards its pension scheme members.
THE TRADES Union Congress has launched a searchable database to allow trustees to find out how fund managers voted at company annual general meetings.
UK - The TUC's online tool letting pension fund managers keep tags on asset managers' votes at AGMs may be largely unnecessary for some larger funds.
TRANSITIONAL protections for members of the Local Government Pension Scheme moving to a new scheme could be extended in a move costing £25m a year.
UK /NETHERLANDS - Pensions trustees have thwarted a takeover bid for chemical company ICI by Dutch conglomerate Akzo Nobel.
ESTABLISHING personal accounts as a trust-based occupational pension scheme will put the needs of members first, the National Association of Pension Funds has said.
UK - BP Pension Fund head of investment, Colin Maltby has retired leaving the £13bn (US$26.5bn) fund in surplus of an estimated £2bn (US$3.9bn).
Move to clam pension industry fears; Head of private equity body quits; Blackstone IPO hit by US tax proposal; HSBC plans to ‘get out or bulk up'
SWEDEN - AP1 has confirmed the departure of managing director William af Sandeberg at the end of 2007.
CHINA - Société Général Asset Management (SGAM) has increased its share in Chinese Fortune SGAM to the highest local permissible limit.