News

Barnet Council pension scheme is set to liquidate its £23m real estate portfolio after integrating the fund's property strategy into a diversified growth fund.

Professional Pensions has revamped its jobs website, www.professionalpensionsjobs.com, with the launch of a state-of-the-art user interface.

The trustee board of NEST has taken out liability insurance through OPDU and its underwriters ACE European Group.

Towers Watson has completed more than $1bn (£0.6bn) in transactions involving multinationals using their in-house insurance companies to fund pensions, the consultancy said.

HM Treasury is hunting for actuarial firms to work on the Equitable Life payment scheme and estimates the contracts could be worth up to £5m.

GLOBAL - Towers Watson has completed over $1bn in transactions involving multinationals using their in-house insurance companies to fund pensions, the consultancy said.

CANADA - The Ontario Teachers' Pension Plan added C$13.3bn ($13.9bn) in investment income in 2010, the highest in its history, but continues to face severe funding woes.

US - The Massachusetts state pension fund will begin bypassing middlemen by directly investing as much as $500m in hedge funds.

Trustees must get to grips with scheme pays requirements and quickly identify administration changes needed to run the new annual allowance regime, Punter Southall says.

US - The California State Teachers' Retirement System (CalSTRS) and the California Public Employees' Retirement System (CalPERS) have begun working with an advisory panel of corporate governance experts to help find untapped talent to serve on their corporate...