Investment

The London Pensions Fund Authority is considering teaming up with other schemes to help improve its shareholder engagement in emerging markets.

Manufacturing firm Molins has awarded Aegon Asset Management a £300m mandate to overhaul its scheme investments.

Trustees should consider investment opportunities in the shipping industry brought on by the slow down in global trade following the credit crisis, Mercer says.

Employers are looking to strengthen and improve their defined contribution schemes as the demise of defined benefit accelerates, providers say.

Pension tax relief restrictions will unfairly penalise people who are promoted, made redundant or take early ill-health retirement, the National Association of Pension Funds warns.

Almost 17 million people, just under half the working population of the UK, have never reviewed their pension plans, research from Baring Asset Management reveals.

US - California lawmakers approved two bills to prevent government employees from increasing the amount of their pensions by padding their pay before retirement.

JAPAN - Japan's $1.4trn Government Pension Investment Fund (GPIF) returned -2.94% in the quarter ended June 30, equating to a loss of $42bn in assets.

F&C Asset Management is due to complete its acquisition of Thames River Capital on, or before, 1 September, following consent from the Financial Services Authority.

US - Miami is failing to do enough when investment managers miss their targets, a report into the city's pension funds suggests.