Investment

The Environmental Agency Pension Fund has moved £350m into environmental, social and governance strategies as it seeks to invest a quarter of its assets in the ‘green economy' by 2015.

Aon Hewitt will work with the local government pension scheme committee and officers in managing the fund and meeting a number of regulatory requirements.

Train manufacturer Bombardier Transportation UK has selected Mercer to provide actuarial services to the trustees of its seven defined benefit schemes.

FairPensions has announced plans to rebrand as ShareAction.

Mark Carney's arrival at the Bank of England will prompt a fresh round of monetary policy with "no let-up" for pension funds already struggling with low interest rates, the former deputy governor of the Bank told delegates.

Trustees need to "tell the truth" about the value of their contingent assets, the Pension Protection Fund chairman says.

Defined contribution schemes are conflating the needs of young and old members and must create separate instruments for each group's needs, delegates heard.

Schemes are increasingly looking to "midfield assets" to match liabilities with higher yields, Axa Investment Management says.

Pension funds can lend to businesses and fill the gap left by retreating banks, but will not be treated like "mugs", according to Tesco chief investment officer Steven Daniels.

Government proposals to ease the burden of defined benefit deficits on employers by smoothing assets and liabilities could backfire, warns the National Association of Pension Funds.