News

The Pensions Regulator and the Pension Protection Fund have rubber stamped a £3bn restructuring deal at Cattles, involving an innovative restructuring of the pension scheme.

Using UK economic growth as a barometer for public sector pension payments is "absolute nonsense" which will continue to underestimate costs, John Ralfe says.

Japanese equities are poised for a valuation increase due to improving global economic conditions and strong corporate fundamentals, Tokio Marine Asset Management predicts.

Further monetary policy tightening in China will send a strong cautionary signal to investors invested in both Chinese and emerging market equities, Standard Life Investments says.

US - Actuaries for the California Public Employees' Retirement System are recommending trustees cut the discount rate by 25 basis points to 7.5%.

Legal & General Investment Management has named Mark Zinkula as the group's new chief executive.

UK - Legal & General Investment Management has named Mark Zinkula as the group's new chief executive.

SWITZERLAND - Investec Asset Management has hired Reinhard Müller from Pioneer as a sales director to boost its institutional distribution in Switzerland.

EUROPE - The European Union must forge stronger links with institutional investors to achieve its low carbon economy goals, the Institutional Investors Group on Climate Change says.

EUROPE - European schemes have started to put strategies in action that deal with volatility by either bringing in returns or mitigating risks, but find there's still a way to go in educating board members about these strategies.