UK - The £562.4m (US$988m) London Borough of Tower Hamlets Pension Fund has postponed a decision on investing in private equity as tough market conditions have seen the value of the fund fall by over £100m since the end of March, MandateWire reports.
The scheme's value has fallen significantly, from a figure of £684.8m as at 31 March 2008 to just over £562m as at 2 October 2008. Consequently it is holding off making any decisions to invest in private...
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.