News

CHINA - China's pension-fund chief has proposed setting a trading range for the dollar as officials in the fastest-growing major economy fault the US for adopting policies without regard for the American currency's global role.

SWEDEN/UK - Swedish pension fund Forsta AP-fonden (AP1) filed a lawsuit yesterday against BNY Mellon with the Commercial Court in London over $35.5m of losses.

The 6,653 schemes monitored by the Pension Protection Fund reported a surplus of £13.5bn at the end of last month, figures show.

Hymans Robertson has strengthened its pension consultancy offering with the appointment of Mark Baker as senior investment consultant.

Three Co-operative Group pension schemes have awarded diversified growth mandates to RCM.

Ontario Municipal Employees Retirement System (OMERS) and Ontario Teachers' Pension Plan have won a bidding war to acquire the £2.1bn high-speed rail link connecting London with the Channel Tunnel.

IRELAND - The ministry of finance has denied media reports that a proposed cut in the state pension is off the table.

UK - M&G will launch its social housing investment fund by the end of the year, the asset manager says.

The Environment agency has re-appointed Capita Hartshead as administrator to its two local government pension schemes, following a tender process.

Janus Capital has unveiled investment grade and high yield strategies investing in credit from around the world.