News

Grant Thornton UK has strengthened its pensions team with appointment of a senior auditor from rival firm Baker Tilly.

MPs have passed a motion transferring the responsibility for setting their pension payments to the Independent Parliamentary Standards Authority (IPSA).

EUROPE - iShares has launched a Europe-wide initiative to help professional investors identify structural risks and carry out due diligence on ETPs.

UK - Overestimated inflation projections could be costing UK defined benefit scheme sponsors over £50bn ($79bn)in unnecessary funding commitments, a corporate adviser warns.

NETHERLANDS/US - Dutch pension fund APG and the US pension fund manager TIAA-CREF have joined forces to invest in five US shopping malls valued at $1.5bn.

EUROPE - Large European investors have redefined passive investing and moved away from the idea of indices representing a buy-and-hold strategy a new survey shows.

Baring Asset Management appoints COO, Oregon State Treasury, ING Investment Management, State Street, Wurts & Associates, Alaska Permanent Fund Corp., Pramerica, PIMCO, Pioneer Investments, Aegon

CANADA - CPP Investment Board (CPPIB) and Oxford Properties, the real estate arm of the Ontario Municipal Employees Retirement System, have teamed up to build the Royal Bank of Canada's new Toronto headquarters.

Employees want the introduction of auto-enrolment to be linked to tough standards on ethical investment, according to research by UKSIF.

Employers forced to cut pay rises to pay for pension plans; Companies warned not to dismiss pay revolts; Axa asks staff to give up index-linked pensions; Pensions worry QE2 will raise liabilities; High price for overstating inflation