Investment

US - New York state comptroller Thomas DiNapoli will have some company as he leads the state's US$116bn pension fund if a new legislation calling for the abolition of the single-trustee model is passed.

US - The Fresno County Employees Retirement Association (FCERA) has terminated Brandywine Global Investment Management for poor performance, despite the firm offering to drop its performance fee to zero.

IRELAND - The overall returns for the National Pensions Reserve Fund were up 7.5% during the third quarter of 2009 due to gains realised in its equity holdings.

Employers are not paying sufficient attention to contract-based defined contribution scheme governance structures, Standard Life research says.

Fewer than half of private sector employees see pensions as the best way to save for retirement in contrast to their bosses, research shows.

The Pension Protection Fund proposal to reduce the cap on its risk- based levy to 0.5% of liabilities has had a mixed reception.

PensionDCisions has launched an online tool to help individuals understand their attitude towards risk.

The management team at The Pensions Advisory Service is to be cut back after a Deloitte review identified corporate governance issues at the body.

Helen Morrissey looks at the formation of the Pensions Income Choice Association and asks how it aims to increase peoples' awareness of their retirement income options

EUROPE - T. Rowe Price has launched its first global fixed income absolute return strategy.