UK - Schemes have registered returns of 17% for 2003, their first full year of positive returns for four years according to the WM Company.
The firm found that during 2003, UK equities returned 21.1% despite the sharp fall in markets during the first quarter.
WM also found that European equities returned 27.6%, Japanese equities 20.3%, while other Asia-Pacific markets returned 33.7%. However, the 10.1% fall in the value of the US dollar restricted the returns of US equities to 16.2%.
Johnson Controls International has appointed XPS Pensions as investment and actuarial adviser for two of its schemes, following a competitive tender process.
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.