Investment

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.

The number of schemes awarding managers bond mandates increased by more than 50% in 2009, Towers Watson says.

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

The Shell Contributory Pension Fund has shifted more of its equities and bonds exposure to passive management, after active management has not been successful for many investors, the trustee says.

Courts in Canada and the US have blocked The Pensions Regulator's attempts to seek £2.1bn from Nortel Networks on behalf of the struggling UK pension scheme.

Fujitsu workers have voted to accept a revised deal from bosses which will see their final salary scheme stay open for an extra year.

What is fiduciary management?