A Michigan pension fund is to sue BAE Systems, Europe's biggest defence contractor, following allegations of billion-dollar bribes made to Saudi Arabian officials.
BAE Systems – formed following the 1999 merger of British Aerospace and Marconi Electronic Systems – has been accused of breaching its fiduciary duty by City of Harper Woods Employees’ Retirement System....
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).