Investment

Aegon Asset Management has launched a customised asset allocation facility for clients to meet the strategic objectives of each particular pension scheme.

NETHERLANDS - Trustees at Dutch pension funds failed to fully understand the risks being taken in their portfolios, a new report by a government appointed committee found.

Standard Life has been fined £2.45m by the Financial Services Authority for serious failures relating to its Pension Sterling Fund.

UK - Standard Life has been fined £2.45m (US$4.1m) by the Financial Services Authority for serious failures relating to its Pension Sterling Fund.

AUSTRALIA - The median Australian superannuation fund finished the year with a 15.1% return, but has yet to recover from the losses suffered during the global financial crisis.

Hermes Equity Ownership Services has established a private equity service with the hire of Tom Rotherham as associate director for private equity.

Defined contribution default investment strategies are a "cop out" by trustees, an independent trustee firm says.

The Pensions Regulator has urged scheme trustees to review their securities lending practices.

UK - The Pensions Regulator has urged scheme trustees to review their securities lending practices.

The Financial Reporting Council has begun consultation on a stewardship code setting out good practice for institutional investors when engaging with UK listed companies.