Infrastructure

Judges set for trial of strength over plan to make them put more into pension pot; DC pension savers head for poverty; Canadians get creative with infrastructure acquisitions; Trustees strive to assess the fiduciary managers; Trustees strive to assess...

Former Tory peer Lord Skidelsky has proposed the creation of a UK investment bank to encourage pension funds to invest in national infrastructure.

Ontario Municipal Employees Retirement System (OMERS) and Ontario Teachers' Pension Plan have won a bidding war to acquire the £2.1bn high-speed rail link connecting London with the Channel Tunnel.

Latin American pension funds are pounding the pavement looking for local infrastructure deals. Rodrigo Amaral reports

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days (13 August - 20 August).

Local government pension funds have been urged to give financial backing to public building projects which risk failure due to government spending cuts.

The Universities Superannuation Scheme has appointed Michael Dymond as portfolio manager for its private capital funds team.

BRAZIL - Brazilian state pension funds Funcef, Petrus and Previ will have a stake in the Belo Monte hydropower dam that will be built in the Amazon, an official with the state-run electricity company said.

US - The California Public Employees' Retirement System (CalPERS) has paid £106m (US$155m) to acquire a 12.7% stake in London Gatwick Airport from Global Infrastructure Partners (GIP).

Pension funds are continuing to diversify into riskier assets, with interest in private markets likely to increase in the short to mid-term, bfinance says.