News

GLOBAL - The development of longevity as an asset class continues to grow as longevity risk becomes increasingly recognised, experts believe.

The Great Ropemaker Partnership - 50% owned by the BP Pension Fund - is to buy two Central London properties for £132.75m with the intention to boost their values through active management.

UK/DENMARK - ATP has announced the launch of an independent multi-employer trust to rival the National Employment Savings Trust, ahead of auto-enrolment next year.

NETHERLANDS - Dutch pension fund manager APG has updated its corporate governance and voting policy, putting more pressure on companies to take stakeholders' interests and sustainability issues into account.

ATP has announced the launch of an independent multi-employer trust to rival the National Employment Savings Trust, ahead of auto-enrolment next year.

Pension funds will find it hard to maintain healthy financial returns if faced with accelerating climate change and ecosystem collapse, a report published today finds.

UK - Any gains schemes might have made following the switch to the Consumer Price Index have been wiped out by falling interest rates, JLT Benefit Solutions believes.

US - The California Public Employees' Retirement System is seeking annual director elections at Smithfield Foods.

US/NETHERLANDS - Stichting Pensioenfonds ABP is suing Deutsche Bank for allegedly providing misleading statements about residential mortgage backed securities the scheme invested in.

UK - Brian Bailey, director of pensions at the £7.7bn ($12bn) West Midlands Pension Fund, has announced his retirement after 40 years' service with Wolverhampton City Council.