Institutional investors with over $20trn (£12.7bn) in assets are urging global policy makers to create policies that encourage private sector investment in climate change solutions.
UK - Lord Hutton admitted the Labour administration's pension reform package did not go far enough and may have "made matters worse".
US - The board of the California Public Employees' Retirement System renewed the contracts of the 16 external managers responsible for its $123.3bn global equity portfolio.
GLOBAL -Institutional investors with over $20trn in assets are urging global policy makers to create policies that encourage private sector investment in climate change solutions.
Lord Hutton admitted the Labour administration's pension reform package did not go far enough and may have "made matters worse".
US - Assets at BlackRock hit $3.3trn in the third quarter, down 9% over the three-month period, after market declines battered equity strategies.
Outgoing National Association of Pension Funds chairman Lindsay Tomlinson has urged schemes to demand more from the organisation and band together to lobby government more effectively.
NETHERLANDS - Dutch pension fund Stichting Pensioenfonds SABIC Innovative Plastics has appointed State Street Corporation to provide custody and other services for its €700m ($970m) in assets.
UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.
The Pension Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel.