News

Favourable market conditions mean buyout prices are at their most reasonable since before the collapse of Lehman Brothers in 2008, Pension Insurance Corporation says.

UK - The National Employment Savings Trust has appointed F&C Asset Management and HSBC Global Asset Management to manage its ethical and Sharia funds, respectively, it announced today.

Many workers will not get £140 flat pension; UK pension hires sharia and ethical managers; Bid to reduce risk; A US annuity scheme has lessons for pension sector; Time to air fiduciary issues at AGMs

US - The California State Teachers' Retirement System (CalSTRS) has reported a fall in its funding level of 7% to 71% in the fiscal year to June 30 2010.

Mercer has appointed Patrick Race to head its UK Investment Consulting business, replacing Fiona Dunsire who has stepped back from the role.

The National Employment Savings Trust has appointed F&C Asset Management and HSBC Global Asset Management to manage its ethical and Sharia funds, respectively, it announced today.

Old Mutual Asset Managers UK has appointed Jenny Segal from AllianceBernstein as head of institutional business to boost its presence in the market.

EUROPE - KAS Bank has developed an app for the iPad which enables pension fund managers, trustees, sponsors and fund administrators to access up-to-date fund data at any time and from any location.

NORWAY - Norway's Government Pension Fund Global should reduce its weighting to Europe and will consider changes to its fixed income portfolio, finance minister Sigbjorn Johnsen said in a report to parliament today.

UK - Scheme sponsors are likely to follow BT and bring forward contribution dates before the 2% reduction in corporation tax rate kicks in, experts believe.