News

Travis Perkins has reported a £32m scheme surplus after making a one-off £35m contribution into the fund, introducing a contingent asset and capping pensionable salary increases at 3%.

A third BA pension scheme trustee has quit the scheme in the row over future indexation saying the scheme had become a ‘political football'.

GLOBAL - Emerging markets will capture an even greater share of investor allocations to private equity as limited partnerships (LPs) aggressively seek exposure to high growth markets, research suggests.

GLOBAL - Hedge funds have gates on less than 5% of industry assets, down from 35% at the peak of the financial crisis, fund brokers Tullett Prebon said.

Sustainability criteria such as ESG criteria are too important to be ignored in investment decision making, research by Allianz Global Investors suggests.

Trustees of the George Hammond Retirement Benefits Plan have completed a £19m buyout of the scheme following a significant fall in the cost of insurance policies.

US - Former New York State comptroller Alan Hevesi has been sentenced to up to four years in prison for his role in a pay-to-play scandal while overseeing the $124.8bn New York State Common Retirement Fund.

UK - A second British Airways trustee has resigned from the scheme over the decision to move from RPI to CPI for future pension increases.

US - BlackRock has appointed Lee Kempler to head its new Investment Institute.

The programme for the 2011 Professional Pensions Show has been released, with Pensions Regulator chief executive Bill Galvin and Pension Protection Fund chief executive Alan Rubenstein confirmed as keynote speakers.