SOME 32pc of pension schemes admit that conflicts of interest could arise from finance directors of sponsoring companies acting as trustees, Trustee GAAPS research reveals.

THE Pension Protection Fund has boosted its approach to responsible investment.

UBS splits units as it prepares for break-up; We need clarity on the influencing role of the PPF; Food and fuel prices send inflation to new high as City fears interest rate increase; Cinven acquires holding in debt investment boutique

Less than a third of 50 to 65-year-olds want to stop working whey they reach retirement age despite thinking they could afford to, Aegon research shows.

US - Pension funds would be forced to pay the same tax as commercial commodity traders under proposed legislation aimed at reducing speculative trading.

UBS splits units as it prepares for break-up; We need clarity on the influencing role of the PPF; Food and fuel prices send inflation to new high as City fears interest rate increase; Cinven acquires holding in debt investment boutique

CHANNEL ISLANDS - The £1.1bn (US$2bn) States of Jersey Public Employees Contributory Retirement Scheme (PECRS) has made a maiden property investment worth around £14m with an undisclosed manager, according to MandateWire.

US - The US$126.9bn Florida Retirement System (FRS) Pension Plan Trust Fund maintained a positive funding ratio, estimated at 105% at fiscal year-end 30 June 2008, following reports of negative ratios by other US public pension funds.

EUROPE - ING has posted an underlying net profit of €1.9m (US$2.8m), down 28.8% on the same period last year, its second quarter results reveal.

CANADA - Trustees of the Canadian Commercial Workers Industry Pension Plan (CCWIPP) are being sued by the Financial Services Commission of Ontario (FSCO) for allegedly failing in the administration and investment of the fund.