News

Some 80% of finance directors, trustees and pensions managers fear an increase in the number of enquiries as a result of tax relief changes, Punter Southall research reveals.

US - The California Public Employees' Retirement System (CalPERS) says new rules governing the registration of placement agents will improve the transparency in the fund's investment process.

ROMANIA - Romanian private pension funds continued their strong investment performance with both pillars posting double-digit returns over the first three quarters of 2010.

The trustee of the £460m Cookson Group Pension Plan has appointed BlackRock as fiduciary manager.

US - The catalyst for the "flash crash" on 6 May was a single trade by an institutional investor who sold $4.1bn of index futures, according to a new report released by US regulators.

The trustee of the Merchant Navy Officers Pension Fund has selected Towers Watson as the delegated chief investment officer for its £3bn pension fund.

GLOBAL - Aon Corporation has announced it has completed its merger of Hewitt Associates with Aon Consulting to create Aon Hewitt.

Aon Corporation has announced it has completed its merger of Hewitt Associates with Aon Consulting to create Aon Hewitt.

CANADA - The Caisse de Depot et Placement du Quebec, Canada's biggest pension fund manager, isn't ruling out selling more bonds after completing an C$8bn ($7.8bn) borrowing programme three months ago, chief executive officer Michael Sabia said.

UK - The combined deficit of the top 100 UK firms' defined benefit schemes has shrunk by £8bn ($12.6bn) over the last year, Pension Capital Strategies says.