UK - The Dumfries and Galloway local authority pension fund has completed a two-year restructuring of its portfolio by awarding two active currency and two global equity contracts.

BA slashes deficit

US - The House Financial Services Committee has passed the Iran Sanctions Enabling Act of 2007 enabling state and local governments to divest the assets of their pension funds.

THE PENSIONSFORCE service has now helped over 1000 people, the National Association of Pension Funds says.

THE PENSION Service is to suspend the provision of state pension forecasts in order to update its IT systems to reflect the Pensions Bill.

GOOD governance is "absolutely critical" for defined contribution schemes, delegates heard.

US - The former head of institutional sales at Merrill Lynch Investment Managers, Donald Steinbrugge, has founded Agecroft Partners, a consulting and third party marketing firm for hedge funds.

STANDARD Life has agreed a deal with staff over restructuring its final salary pension scheme following threats of legal action and strikes.

US - Public pension funds have promised to reform ExxonMobil's position on global warming at the oil giant's annual shareholder meeting on May 30.

UK - Amid claims its risk-based levy will kill UK defined benefit (DB) pension schemes, the Pension Protection Fund (PPF) today confirmed it would not consider investment strategy as a separate risk factor.