Investment

BP has delayed a final investment decision on its controversial Sunrise tar sands project until ‘early next year'.

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 reveals.

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.

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

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.