ITALY - The €1.4bn Fondo Pensione per il Personale della Banca di Roma and the €1.3bn Fondo Pensione Gruppo Unicredito Italiano are considering implementing a shared management and investment structure for their defined contribution sections, according...

ROYAL MAIL employees have threatened to take industrial action after voting against changes to its final salary pension scheme.

UK - Charlie Massey is leaving the Pensions Regulator after completing a three year secondment from the Department of Work and Pensions (DWP).

FTSE 100 companies had combined surpluses of £40bn in their pension funds at the end of March on an FRS17 measure, Watson Wyatt estimates.

BNP Paribas Investment Partners has bought Investment Management Selection in a bid to boost its multi-manager business.

CANADA - The C$120bn (US$118bn) Canada Pension Plan Investment Board (CPPIB) has invested US$200m in US-based wind energy firm Noble Environment Power (Noble).

UK - Strike action looked inevitable as workers overwhelmingly voted to reject Royal Mail's pension changes yesterday.

UK - Active managers' higher fees for relatively low returns have led the London Borough of Richmond upon Thames pension fund to shift 50% of its portfolio to passive management.

US - Members of Ampex Corp's pension funds should be protected against the company's bankruptcy filing thanks to the Early Warning Program put in place by Pension Benefit Guaranty Corp (PBGC).

US - 3M has replaced its retirement program with a 401(k) plan for new employees.