Investment

UK - Hermes is to expand a new performance fee structure - announced for its funds of hedge funds in September - across its range of institutional products.

The Bank of England has kept interest rates at 0.5% and frozen its quantitative easing programme.

US - Treasury Secretary Timothy Geithner showed support for pension funding relief at a House Ways and Means Committee hearing yesterday. The news comes as Mercer reports a 400% increase in company contributions for 2010.

Here it is. The shortlist for this year's UK Pensions Awards 2010.

A former trustee has questioned The Pensions Regulator's powers when it comes to enforcing contribution orders against foreign parent companies.

UK - A former trustee has questioned The Pensions Regulator's powers when it comes to enforcing contribution orders against foreign parent companies.

The Pensions Regulator will take enforcement action against trustees who fail to keep scheme data up to scratch.

Aviva UK life and pensions new business sales fell almost 25% in 2009 as the insurer was hit by the tough economic conditions, but bumper Q4 sales have given it confidence for 2010.

NETHERLANDS - Robeco board member and chief executive of Sustainable Asset Management (SAM) Sander van Eijkern has resigned over a "difference of opinion with respect to the future strategy" of the Dutch asset manager.

ITALY - The pension fund for tourism, commerce and service sector workers (Fon.Te) launched manager searches for two of its defined contribution funds for mandates worth €900m (US$1.2bn).