News

Government signs over civil service pensions to private-sector mutual; Teachers in strike threat

Punch Taverns has made additional contributions of £9m into its Spirit and Pubmaster defined benefit schemes over the past six months.

The Alumasc Group has contributed half of the net proceeds of the sale of its subsidiary Alumasc Dispense to its two defined benefit pension schemes, it announced today.

The impact of tighter carbon emissions rules on corporate profits will catch out schemes whose investment strategy on climate change is to "wait and see", Carbon Footprint Investments warns.

CANADA - The Healthcare of Ontario Pension Plan (HOOPP) returned 13.68% in 2010, ending the year with C$35.7bn ($37.3bn) in net assets.

MEXICO - The Principal Group will acquire HSBC's Mexican pension fund business for $198m.

CANADA - The Public Sector Pension Investment Board and British Columbia Investment Management Corporation have agreed to acquire TimberWest Forest Corp for C$1.03bn ($1.07bn).

Towers Watson president and chief operating officer Mark Mactas will retire at year-end after more than three decades with the firm, the consultancy confirms.

US - Towers Watson president and chief operating officer Mark Mactas will retire at year-end after more than three decades with the firm, the consultancy announced.

MEXICO - Mexico will allow pension operators to hire third-party firms beginning in May to help manage their investments, the chief of the country's retirement-fund regulator said.