News

BESTrustees has appointed Giles Craven as an associate on its team of independent trustees.

The Pensions Bill has cleared both Houses of Parliament and will become law after a last-ditch Labour attempt to amend it was rejected in the Lords.

The trustees of the Polestar Pension Scheme are set to wind up the fund after The Pensions Regulator advised continuation would not be in the interest of members.

NETHERLANDS - ABN Amro predicts half of Dutch company pension funds will shift assets to insured schemes.

Now Pensions, the multi-employer scheme set up by Danish pension scheme ATP to rival the National Employment Savings Trust, has unveiled details of its product offering.

US - The Illinois Teachers' Retirement System has doled out $825m to new and existing managers and approved searches for up to six additional hedge fund managers and transition managers.

DENMARK - Danish pension fund ATP would like to invest in local infrastructure but a lack of ‘political focus' has led to a dearth of appropriate opportunities.

IRELAND - Underfunded pension funds will have to meet new risk reserves which could add 10% to its funding requirements and will have the ability to use sovereign annuities under the proposed new funding standard.

UK - NEST has signed up to the United Nations Principles for Responsible Investing in a bid to boost long term investing and good corporate governance.

T. Rowe Price; Association of Tax Technicians; Legal & General Property; Baring Asset Management; Threadneedle Investments; Adrian Lee & Partners; Aon Hewitt; Royal London Asset Management