HSBC head of group investment business Alain Dromer has left the firm.

UK - The London Pensions Fund Authority (LPFA) has tendered a £150m mandate for global real estate, as the £3.6bn fund undertakes a review of its investment management structure.

Fund managers' disclosure move; AA pension looks to private equity

COMPANIES are increasingly bypassing trustees and advisers and hiring their own experts to come up with ways to run pension schemes, Insight Investment says.

Seven-tenths of adults do not trust the government on pension reform, a survey by financial services firm MetLife reveals.

GLOBAL - Most of the Global Pensions 100 Panel shunned having risk shared between the employer and employee, with 71.8% of respondents saying pension funds should be entirely DB.

MALAYSIA — The government pension fund has purchased a further US$641m (32.8%) stake in Malaysian bank Rashid Hussain, making it the majority shareholder.

TRUSTEES should be given statutory immunity from prosecution to boost the number of people volunteering for the role, a leading pension lawyer says.

TAIWAN - Taiwan's US$3.4bn public sector pension fund will soon be open to stock market investment and foreign currency deposits after the recent pension bill set up a management commission to supervise its assets.

F&C ASSET Management has launched a derivative-based global tactical asset allocation fund.