News

Newton Investment Management has appointed Mark Hammond to its pooled funds sales team and named James Blake as account manager.

The Church in Wales has appointed Summit Global Investor Services to provide investment analytics services to the assets it manages.

US - New Jersey's pension fund should put more money in alternative investments such as private equity and real estate to boost returns and protect against stock losses, consultants told the State Investment Council.

DMGT scooped the top accolade at the Pension Scheme of the Year Awards last night.

Here it is - the complete list of winners for this year's Pension Scheme of the Year Awards.

NIGERIA - Nigeria plans to use 400bn naira ($2.6bn) from its pension funds to encourage foreign investment in its power industry, central bank governor Lamido Sanusi said.

FRANCE - A bid by French president Nicolas Sarkozy to raise the official retirement age from 60 to 62 by 2018 has been approved by the lower house of parliament.

US - The California Public Employees' Retirement System is to appoint a senior risk officer and launch a 24-hour whistleblower helpline following the Bell City fraud scandal.

UK/SCANDINAVIA - UK pension funds are lagging behind their Scandinavian counterparts in allocating to alternative asset classes, a consultant says.

ROMANIA - Romania's parliament has approved changes to the national pension system in order to qualify for a €900m ($1.2bn) loan from the International Monetary Fund.