News

GLOBAL - Infrastructure fund managers are focussing their investment strategies on transport and energy sectors, research shows.

AUSTRALIA - Self-managed super funds should have the same compensation processes as large super funds in the event of fraud, the industry association believes.

MALAYSIA - A new third pillar pension will be in place in Malaysia by year-end, prime minister Najib Razak said today.

UK - Unilever is to close its £5.5bn ($9bn) UK final salary scheme to existing members due to the fund's "increasingly unaffordable and unsustainable" costs.

NETHERLANDS - Dutch pension funds should lower costs and require external investment managers to give a full accounting of expenses to increase their capital in the long term, financial markets regulator AFM said.

Schroders has strengthened its consultant relationships team with the appointment of Michelle Inskip to the newly created role of consultant relations manager.

Royal London has signed a deal agreeing terms for the potential takeover of Royal Liver.

The Pensions Regulator has published a five-step guide to help trustees of smaller schemes raise administration standards.

Trustees of the Transport for London Pension Fund have appointed Towers Watson to provide actuarial and investment advice for its £5.5bn defined benefit scheme.

Unilever is to close its £5.5bn UK final salary scheme to existing members due to the fund's "increasingly unaffordable and unsustainable" costs.