Investment

UK - ITV has reported gains totalling £110m (US$165.4m) from initiatives aimed at reducing the future costs and risks of operating its pension schemes.

ITV has reported gains totalling £110m from initiatives aimed at reducing the future costs and risks of operating its pension schemes.

Arriva has seen its pension liabilities fall by £47m after capped future benefit accrual in one of its schemes.

NORWAY - The Ministry of Finance has introduced two new sets of ethical guidelines for responsible investment practices at the Government Pension Fund Global and its asset manager Norges Bank.

GLOBAL - Pension funds are questioning the efficacy of traditional liability driven investment (LDI) strategies as the indices used to construct the strategies proved to be too backward-looking, Pacific Investment Management Co. (PIMCO) chief executive...

Aegon Asset Management is to launch a property fund which aims to give scheme investors returns through the active management of a portfolio of direct UK holdings.

BT's rivals have attacked the telecoms giant for seeking to charge customers to help plug its £8.8bn scheme deficit.

Electrical specialist Comet is the latest scheme to receive the National Association of Pension Funds pension quality mark.

EUROPE - The current version of the Alternative Investment Fund Managers (AIFM) directive does not have the qualified majority support in the in the European Council (EC) needed to pass, a document by the EC showed.

GLOBAL - The number of schemes awarding managers bond mandates increased by over 50% in 2009, Towers Watson said.