Author profile
Bulk Annuities
Market volatility has made 44% of trustees more interested in transferring pension scheme risk, a survey by MetLife Assurance reveals.
16 March 2009
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Defined Contribution
February saw £42bn wiped off the value of defined contribution scheme assets, Aon Consulting figures reveal.
16 March 2009
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Investment
Barclays is in talks with a US private equity firm over the sale of its iShares exchange traded fund business, Professional Pensions has learned.
16 March 2009
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Employee Benefits
Zurich Financial Services has introduced a new green benefit for its UK staff offering reduced rate travel on public transport.
16 March 2009
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Mandates
The £24m Habitat UK Pension and Life Assurance Plan has appointed SEI to act as its fiduciary manager.
16 March 2009
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United Kingdom
UK - Two major local authority schemes have started legal action against Royal Bank of Scotland, alleging it made "materially false and misleading" statements about its financial health.
16 March 2009
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US
US - The Teacher Retirement System of Texas (TRS) lost US$34bn during the last months of 2008 - with its actuarial valuation declining from $104.9bn to $70.6bn.
16 March 2009
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US
US - C Change Investments, founded by former California Public Employees' Retirement System (CalPERS) chief investment officer Russell Read, has appointed State Street to provide it with fund administration services.
16 March 2009
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US
US - General Motors Asset Management has re-branded itself as Promark Global Advisors.
16 March 2009
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Canada
CANADA - The CAN$120bn (US$94.7bn) Caisse de dépôt et placement du Québec has appointed former Bell Canada Enterprises (BCE) chief executive Michael Sabia as its new president and CEO.
16 March 2009
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