UK - Fixed income manager Pimco has been awarded 17 performance achievement certificates from Lipper, the mutual-fund information and analysis service.
The institutional share classes of each of the funds were commended for number-one rankings (based on returns) over a period of one, five or 10 years for the year ending December 31, 2002.
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.