Investment

The trustees of the £70m Royal British Legion Pension Fund have hired Hewitt Associates to provide investment advice.

Despite an unexpected surge in UK growth during the second quarter of this year, Joanna Faith explains that a new loosening programme is a distinct possibility both in the UK and the US

The Investment Governance Group plans to have its principles on defined contribution governance agreed by October, its DC subgroup chairman says.

CANADA - The Canada Pension Plan Investment Board saw investments fall 1.3% in the fiscal first quarter due to declining equity markets.

Standard Life has seen net corporate business inflows increase by 64% in the first half of the year.

Rumours are escalating in the City that fund manager Gartmore could be ripe for a takeover approach, as its share price languishes more than £1 below its December 2009 flotation price.

FRANCE - The Fonds de Réserve Pour les Retraites was down 4.2% in the second quarter, reversing gains in the first three months of the year.

DENMARK - The Danish government wants to set up a DKK5bn ($880m) venture capital pool with the country's pension funds to invest in small and medium sized domestic businesses.

The Pensions Regulator has appointed Nigel Peaple as head of corporate and international affairs.

A record £12.5bn risk transfer deals were done in the first half of the year and a quarter of major firms will de-risk by 2012, Hymans Robertson predicts.