Investment

UK - More than half of large pension schemes plan to review or change their defined contribution default investment strategy in the next 12 months, the 2010 PensionDCisions UK Sponsor Default Survey revealed.

CANADA - The Caisse de dépôt et placement du Québec has announced plans to reduce expenses by C$20m (US$20m) this year in part by reducing external asset management fees.

Emma Dunkley previews the April 15 edition of Professional Pensions.

DENMARK - Danish pension manager LD has put up to €6bn (US$8.2bn) in assets up for bid for 12 bond and equity mandates.

The Pension Protection Fund and Visteon UK scheme trustees have filed a $550m (£350m) claim against US Visteon Corporation to recover money for the fund.

BP's disclosure on the financial, environmental and human rights risks of its controversial Canadian tar sands project remains insufficient an investor coalition says.

Aberdeen has been buying into gilts over the past two weeks on optimism the UK will keep its AAA credit rating and sterling will hold firm.

US - Public pension funds in the US have been said to be embracing risk, but scheme managers at the recent Pension Bridge Annual conference in San Francisco said they're merely taking on riskier assets in a smarter way.

CHILE - Chilean pension funds grew 30.8% to US$119.1bn in the 12 months up to March 2010 on the back of gains in non domestic equities investments, regulator Superintendencia de Pensiones revealed.

CANADA - The C$32.6bn (US$32.5bn) Healthcare of Ontario Pension Plan (HOOPP) posted a 15.2% profit for 2009 on the back of gains in North American equities, according to its 2009 annual report.