News

Trustees should take a "beliefs-based approach" to investing that integrates sustainability concerns with long-term mandates, Towers Watson has said.

First State Investments has appointed two new infrastructure advisers, bringing Marc Boudier and Lutz Feldmann into the company.

Rising equity markets coupled with a small increase in gilt yields helped scheme deficits improve by £2.7bn over August, according to the PPF 7800 index.

Around a third of trustees have plans to leave their posts within the next five years, MetLife warns.

Legal & General has appointed Dominic Carpenter as sales director in its pension scheme insurance solutions team, increasing its capacity.

The Department for Work and Pensions has proposed to bring the auto-enrolment earnings thresholds into line with the personal tax limits for 2013/14.

The Financial Services Authority has fined BlackRock Investment Management Limited £9.5m for client money breaches.

Pensions minister Steve Webb has quashed rumours the government may unfreeze the pension of British expatriates.

Social housing repairs and maintenance provider Mears has chosen B&CE's master trust The People's Pension for its 13,000-strong workforce.

Trustees are increasingly delegating investment decisions to third parties, according to an Aon Hewitt survey.