Investment

The Pensions Regulator has urged trustees to review their scheme rules to assess the impact of forthcoming indexation changes.

US - The California State Teachers' Retirement System posted returns of 12.3% for the year ended June 30 but said losses from the financial crisis remain on the books.

US - Hewitt Associates will acquire US consulting firm EnnisKnupp, a move Hewitt said sweetened its merger deal with Aon Consulting announced less than two weeks ago.

Sesame Bankhall will launch a restricted advice service for at-retirement customers with small pension pots.

UK - The Pensions Regulator has rejected proposals from chilled prepared foods firm Uniq to fund a £436m scheme deficit.

The Pensions Regulator's strengthened guidance on transfer incentives is permeated by a "presumption of guilt", industry figures say.

AUSTRALIA - Australia's savings could grow by another billion dollars a year with the use of better back-office administration, former corporate regulator Jeremy Cooper has said.

Two pension funds of cleaning and hygiene products company, Jeyes, have appointed SEI as their fiduciary manager.

GLOBAL - BlackRock has restructured its management team creating a new head of portfolio management role, three new regional organisations and an alternatives investment group.

BlackRock has restructured its management team creating a new head of portfolio management role, three new regional organisations and an alternatives investment group.