UK - The London Borough of Brent pension fund is to tender a global equities mandate worth £130m, currently managed by Bank of Ireland Asset Management (BIAM).
“Bank of Ireland has been suffering difficulties in terms of performance and staff turnover, but we have asked them to re-tender because they have a terrific long term record,” said London Borough of Brent...
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.