News

SEI has bolstered its fiduciary management capabilities with the three senior appointments in its liability-driven investing, corporate finance and risk management teams.

AUSTRALIA - The Labour Union Co-operative Retirement Fund (LUCRF) Super has appointed Aviva Investors to run a A$51.5m absolute return fixed income mandate.

The Department for Work and Pensions must avoid the "bear trap" of setting rigid rules to govern default funds, AllianceBernstein warns.

Andrew Tully has left his position as Standard Life senior pensions policy manager to join MGM Advantage.

CHILE - Chilean pension funds reported $145bn in assets at the end of February, though most took a hit for the month because of low equity returns.

Schroders has hired Rob Hall from Russell Investments to work within the group's multi-asset team.

Hutton recommendations will not necessarily reduce the level of income in retirement for the majority of members, actuaries say.

Hutton reforms will have both benefits and drawbacks for outsourcing contractors, LCP says.

UK - The Pension Protection Fund will modify how it calculates investment and insolvency risk to ensure a "stable and more predictable" levy for schemes, its chief executive says.

IRELAND/CANADA - The Canada Pension Plan Investment Board (CPPIB) and other investors will give airline leasing company AWAS an additional $529m to help it expand its fleet.