News

The balance of occupational pension schemes monitored by the Pension Protection Fund marginally improved to a surplus of £48.4bn at the end of February.

There is no single right answer to what makes a good defined contribution default fund strategy, the Investment Management Association says.

GLOBAL - Sovereign wealth funds worth $4trn in assets have resumed their moves into alternative assets in the aftermath of the global financial crisis, new research by Preqin showed.

The Employers Pension Forum has attacked unions over planned strike action in protest at changes to the university pension scheme, saying it will damage the higher education sector.

State pension reform: £140 a week for everyone; Iain Duncan Smith reveals plan for flat-rate £140 state pension; Government eyes reform of basic state pension; Pension funds call for more long-dated gilts; David Cameron confronts the great divide

GLOBAL/UK - Fidelity International has appointed Chris McNickle as global head of institutional.

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.