News

UK - Kent County Council has come under fire from campaign groups for investing £24m ($39m) of its pension fund portfolio in tobacco companies.

Pensions and Investment Research Consultants has advised Stagecoach investors to vote down a proposed executive remuneration package at the company's annual general meeting on Friday.

Kent County Council has come under fire from campaign groups for investing £24m of its pension fund portfolio in tobacco companies.

Henry Boot has seen its pensions deficit rise in the first six months of this year despite implementing a raft of changes in March to limit its liabilities.

UK/AUSTRALIA - Innes McKeand has left his post as head of equities at Aegon Asset Management to move to Australia.

Innes McKeand has left his post as head of equities at Aegon Asset Management to move to Australia.

Neuberger Berman has appointed Joseph Mukungu to the newly created role of head of client services for Europe and Middle East.

JAPAN - The implementation of new accounting rules that would have forced companies to book pension fund shortfalls as liabilities on their balance sheets is to be postponed, according to reports.

Legal & General Investment Management has launched a pooled fund platform that offers pension schemes a flexible version of liability-driven investment.

JAPAN - Credit rating agency Moody's has downgraded Japan's sovereign debt rating by one notch, saying weak political leadership has hampered growth.