News

UK - A group of disgruntled pension funds is threatening litigation against investment giant Henderson after one of its funds lost more than 60% of its value during the credit crunch.

AllianceBernstein has hired Tim Banks to expand its defined contribution capabilities in the UK.

A group of disgruntled pension funds is threatening litigation against investment giant Henderson after one of its funds lost more than 60% of its value during the credit crunch.

About two-thirds of over-55s are concerned they would not be able to raise the necessary cash if faced with an unexpected payout of £500 or more, according to the Aviva Real Retirement Report.

Art of Pensions 2010, the annual competition run by electronic information service provider Pendragon, is now open for entries.

The September issue of Global Pensions is out now. This month's issue includes:

NETHERLANDS - Stichting Pensioenfonds Medisch Specialisten (SPMS) has hired BlackRock as fiduciary manager for its €5bn ($6.3bn) portfolio.

GLOBAL - MSCI has launched a set of worldwide indices allowing investors to more effectively benchmark their environmental, social and governance performance.

There will be no news alert on 8 September as the GP staff will be attending the Global Pensions Transition Management Forum.

ITALY - Fondo Previdenziale Pegaso, the pension fund for employees in the Italian utility services, has hired State Street Global Advisors to run a €60m (US$76m) active fixed income mandate.