THE TRUST-BASED model of scheme governance is hampered by limited dialogue between trustees and their key advisers, a Goldman Sachs Asset Management sponsored report reveals.

US - In a letter to Congress, major pension funds have called for limits to be put on the emissions blamed for global warming, saying that taking no action is harming business.

UK - Standard life and the Investment Manager Association (IMA) have come out in support of the government white paper on personal accounts.

Aggressive tactics used by pension schemes; Scheme will cost business ‘£1bn a year', Investor alarm at Barclays' ABN talks

INVESTEC has teamed up with Blackfish Capital Management to launch a hedge fund focused on the mining resources sector.

THE PENSION Protection Fund has announced the resignation of its director of compensation Alan Duncan.

US - California is considering a move which would compel the country's largest pension funds to divest from companies which do business with Iran in the latest stage in the war on terror.

HYMANS Robertson has promoted Stephen Birch to the position head of manager research.

ONE IN FOUR UK companies are set to transfer pension liabilities to insurance firms within the next five years, delegates at a Watson Wyatt seminar claim.

US - Despite the well-documented Amaranth collapse wiping out a huge portion of its assets almost overnight, San Diego County Employees Retirement Association (SDCERA) earned nearly US$1bn in 2006.