News

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...

Schemes must take action before 31 March if they are to reduce their 2011/12 Pension Protection Fund (PPF) levies, Aon Hewitt urges.

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.

The Baxters Food Group and the trustees of the Baxters Food Group Pension Scheme have appointed Punter Southall as their full service provider.

Tax relief on contracting out should be scrapped for all pension schemes by 2012, the Office of Tax Simplification recommends.