US - General Motors Investment Management, a subsidiary of General Motors Asset Management (GMAM), has been appointed investment manager for Xerox's $8bn retirement and savings plans.
GMAM and its affiliates will manage Xerox’s US and Canadian pension plans and US savings plans. Under GMAM’s Flexible Plan Outsourcing program, GMAM’s services will include overseeing investment management, asset allocation and the selection, evaluation, and monitoring of investment managers.
Myra Drucker, formerly the chief investment officer for Xerox, has joined GMAM as chief investment officer for GM Trust and will be the principal liaison between GMAM and Xerox.
By Janet Du Chenne
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.