Investment

A growing number of US firms are reducing benefits offered to staff and looking to rebalance pension funding between employers and employees, research by BNY Mellon Asset Servicing shows.

US/UK - Royal Bank of Scotland has won a court ruling which dismissed a class action by two US pension funds claiming they suffered "massive" losses during the financial crisis.

UK/US - AllianceBernstein is to launch a range of off-the-shelf target date funds for trust and contract- based defined contribution schemes.

US - The State of Wisconsin Investment Board (SWIB) has allocated $600m to two risk parity strategy managers as part of its multi-asset allocation within the Wisconsin Retirement System (WRS).

The National Association of Pension Funds fears the Pension Protection Fund's proposed levy approach will penalise schemes for holding equities and reward them for holding gilts.

Government should address current insolvency laws to stop pension schemes becoming "super-creditors" following the Nortel and Lehman Brothers ruling, the Confederation of British Industry says.

Jack Jones speaks to David Adkins, chief investment officer of The Pensions Trust, about the overhaul of the scheme's investment strategy

The National Employment Savings Trust received more than 150 expressions of interest from asset managers hoping to manage its first five investment funds, PP can reveal.

Pension funds and asset managers belonging to the Institutional Investors Group on Climate Change will be balloted this week to assess their ethical investment performance.

Equity volatility will continue to challenge market stability this year with "mini-crises" likely to derail investment certainty, according to Allianz Global Investors Capital.