News

CANADA - The Ontario Teachers' Pension Plan (OTPP) has signed up to the United Nations-backed Principles for Responsible Investment Initiative (PRI).

NETHERLANDS - Dutch pension fund ABP has appointed Henk Brouwer, former director of pension regulator De Nederlandsche Bank (DNB), chairman of its board.

NETHERLANDS - The €11bn ($15bn) Pensioenfonds Vervoer, the pension fund for the transport industry, has hired Robeco as its new fiduciary manager.

Delayed state pension will cost thousands; Hutton accuses unions of pension ‘mistake'; Two million workers prepare to go on strike over pensions; Union leaders warn of 'long, hard and dirty' battle over pensions; Unions call collective day of strike action...

UK/DENMARK - NOW Pensions, the new scheme to be launched by Danish group ATP early next year, has vowed to bring "highly competitive" charges to the UK market.

Kingfisher has extended the asset-backed funding partnership with its pension scheme with the addition of two UK properties worth £119m.

An equity market review has been launched to assess whether asset managers and pension fund trustees are delivering good value for money to scheme beneficiaries.

Independent Trustee Services has added legal and regulatory experience to its board with the appointment of Martine Trouard-Riolle as a director.

US - The California Public Employees' Retirement System (CalPERS) has suspended the chairman of its Investment Policy Sub-committee following complaints by colleagues.

The Financial Services Authority (FSA) has fined Peterborough-based Rockingham Independent £35,000 and imposed partial bans on its directors and an adviser for exposing retirees to unsuitable advice.