News

BA merger closer after Iberia backs pension plan; Defined benefit pension deficits widen, warns Mercer report; Malaysian fund to snap up Visa offices

Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.

US/BRAZIL - The California Public Employees' Retirement System (CalPERS) has committed $190m to a $200m Brazilian real estate fund.

The £9.6bn Strathclyde Pension Fund has begun talks with council leaders and officers over the possibility of amalgamating the 11 Scottish local authority schemes.

Papers documenting the beginning of the cult of equity investment by pension schemes have been digitised and put online by The Pensions Archive Trust.

Tom McPhail has written to financial secretary to the Treasury Mark Hoban in an attempt to put the "final nail in the coffin" of insurers' resistance to reform of the Open Market Option.

Legal & General Investment Management has signed up to the United Nations Principles of Responsible Investment.

Industry pressure is growing on Lord John Hutton to include a career average structure as part of a new public sector ‘hybrid' scheme.

Active investment managers able to identify strong companies through fundamental analysis outperform their benchmarks by about 120 basis points per year, academic research shows.

Institutional investors should undertake a "fundamental review" of equity portfolios amid concerns of a developed economies bias, a consultant says.