Investment

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.

NORWAY - Officials at Norges Bank Investment Management (NBIM), manager for the Government Pension Fund Global, have written to the Ministry of Finance to defend its use of active management, as the future use of the investment strategy comes under question....

MEXICO - The country's pension fund assets rose 22.8% in 2009 to MXN1.15trn (US$90.8bn), according to data released by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR).

Almost half a billion pounds of pension funds were transferred abroad in the first two years after pensions simplification to escape alternatively secured pension tax penalties, A J Bell says.

US - The California Public Employees' Retirement System, the largest U.S. public pension, said private investment firms paid at least $125m to placement agents for help winning contracts to manage the fund's money.

Professional Pensions has launched a online poll in a further expansion of www.professionalpensions.com

UK - The Local Government Pension Scheme's deficit could swell to £60bn (US$97.8bn) this year if current trends continue, research from the Liberal Democrats revealed.

The Pensions Regulator could enforce mandatory standards of record keeping after its assessment of how trustees' focus has improved, industry figures predict.