News

Survitec Group Pension Scheme has appointed Mercer to provide dynamic de-risking services in a bid to get the scheme to an investment "end-game".

More than 70% of pension professionals believe public sector workers were wrong to strike over proposed changes to their pensions, according to a PP poll.

Lothian Pension Fund has gone out to tender for two investment advisers to sit on its Investment Strategy Panel following the expiration of the current adviser contracts.

The National Association of Pension has appointed Martin Mannion as chairman of the investment council of the funds.

More than three quarters of finance directors are in the dark about fines which could be levied on businesses for failure to comply with auto-enrolment regulations.

US - The California State Teachers' Retirement System (CalSTRS) plans to bring more assets in house, scrutinise global equity managers and issue or complete at least seven requests for proposals across its portfolio this year.

US/UK - Principal Global Investors has acquired a 74% stake in London-based Origin Asset Management for $66m (£40.7m).

GLOBAL - Towers Watson has appointed Paul Morris as regional leader for Europe, Middle East and Africa (EMEA). He replaces Babloo Ramamurthy, who is retiring after 34 years at the company.

UK - There is an "overwhelming consensus" among the industry that costs in defined contribution schemes should be clear, simple and comparable, the UK Pensions Regulator says.

IRELAND - Irish pension managed funds lost ground during June, with an average return of -2.1% for the month, research shows.