UK - The London Borough of Newham Pensions Fund has appointed JPMorgan Asset Management (JPMAM) to manage a £15m currency mandate. The assets will be invested in the JPM Managed Currency Plus Fund.
A spokesperson for the £618m fund said the mandate was a newly created allocation that had been awarded as part of an “ongoing revue of investment strategy”. JPMAM senior client adviser Simon Chinnery...
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.