Including: UK - Leatherhead food appoints Giddings; US - New York fund allocates $550m to emerging manager programme; UK - Hermes Private Equity hires investment manager
Leatherhead Food International has appointed Gissings as actuarial, consultancy and investment advice to its defined benefit (DB) pension scheme.
Jonathan Gordon-Smith, finance director, Leatherhead Food International, said: "Gissings was able to tailor its services to our specific requirements and was able to cover all of our needs on a one stop shop basis."
US - New York fund allocates $550m to emerging manager programme
The New York Common Retirement Fund (CRF) has allocated US$550m to Bank of America and Parish Capital as part of its emerging manager private equity portfolio, according to state comptroller Thomas DiNapoli.
The allocation will see Parish Capital receive $350m, split $250m to co-investment opportunities and $100m to direct fund investments.
Bank of America's $200m allocation will be invested in direct fund opportunities.
UK - Hermes Private Equity hires investment manager
Hermes Private Equity has appointed Lynsey Register as investment manager.
Register joins the fund manager having spent four years in the private equity fund of funds industry, having worked with BlackRock and Kedge Capital.
Her main duties will involve the research, analysis and recommendation of investment opportunities in private equity funds for Hermes Private Equity, part of Hermes, the wholly-owned asset management arm of the BT pension scheme.
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.