News

Financial Express has completed the purchase of stochastic forecasting business eValue from Towers Watson.

Pensions ‘to cut equity and bond' exposure; private equity rewards pensions; auto-enrolment the start of a new approach; BP spill drove UK dividends to fall by £2bn last year

The Pension Protection Fund will implement its reworked pension protection levy framework from 2012/13, it announced today.

BT Pension Scheme; Robeco; INTECH Investment Management; PwC; Mercer; Aon Hewitt; Neuberger Berman Group; Standard Life Investments; State Street Global Services

EUROPE/US - Pension funds and other institutional investors are shifting away from traditional equity and bond allocations in favour of alternative asset classes, research from bfinance shows.

Schemes will continue to cut exposure to equities and fixed income and shift investments towards property and alternatives in the next six months, bfinance says.

The Government Actuary's Department has appointed Ortec Finance to provide software for its investment and risk team.

The government has officially launched a call for evidence to review the regulatory differences between trust-based and contract-based defined contribution schemes.

The trustees of the £700m Honda Group UK Pension Scheme have insured part of the scheme in a buyout agreement with Pension Insurance Corporation.

US - The State of Michigan has taken legal action against Countrywide Financial Corporation in a bid to recover $65m for its public pension funds.