News

John Bercow ignores pleas to reduce his pension; Rising inflation offers state pension boost; Pensions: Age concern; Tory donor angers Lib Dems

US - The $6bn San Bernardino County Employees' Retirement Association (SBCERA) has selected Don Pierce as its new chief investment officer (CIO).

The deficit for the closed Whitbread defined benefit pension scheme has climbed above £0.5bn despite contributions of £61m from the firm.

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