News

Corporate schemes must increase transparency and demand more responsible investing from their asset managers to keep pace with pension funds outside the UK, UKSIF says.

Fidelity International has appointed Chris McNickle as global head of institutional.

Aegon UK chief executive Otto Thoresen has been appointed as director general of the ABI and will take up his new role on April 4.

GERMANY - Germany's largest public pension fund, Bayerische Versorgungskammer, is to invest at least €1.2bn ($1.7bn) in individual hedge funds via Man Group's managed account platform.

US - Acadian Asset Management has launched an emerging markets equities version of its managed volatility strategy and has already secured a $100m mandate from a US pension fund, the firm said.

SOUTH AFRICA - Towers Watson has doubled its stake in South African actuarial and employee benefits firm Fifth Quadrant and appointed Nigel Biggs as managing consultant in the country.

GP has a new address in the heart of Soho. Our new contact details are:

GLOBAL - AXA IM, Goldman, CalPERS, Mercer, PineBridge

UK - Public sector discount rates should be tied to UK economic growth to reflect future tax revenues needed to fund the scheme, the Pensions Policy Institute says.

NAPF chief grades pension issues; Bad news for UK pensions; Challenges looming for UK auto-enrolment plan; Hutton calls for end to state final salary schemes; Biggest public sector fund sees rise in opt-out; Unions warn of strikes over pension reforms...