News

Lord John Hutton is set to publish the interim findings of the independent Public Service Pension Commission's review on Thursday, this week.

LCP has hired Andy Cheseldine from Hewitt to expand its defined contribution service team.

GLOBAL - Pension funds are increasingly using private exchanges to trade stakes in hedge funds and are now more often buyers than sellers, HedgeBay says.

The withdrawal of child benefit from families where at least one parent pays 40% tax could create strong incentives for people to increase their pension contributions, Towers Watson says.

US - The California Public Employees' Retirement System (CalPERS) has replaced BlackRock Realty Advisors as manager of a $1bn apartment real estate portfolio.

US - New York Mayor Michael Bloomberg said city pension funds have set unrealistically high assumed rates of return on investments at 8%.

UK/US - The Pensions Regulator's determinations panel has issued its reasons for chasing Lehman Brothers subsidiaries with a financial support direction.

The Pensions Regulator's determinations panel has issued its reasons for chasing Lehman Brothers subsidiaries with a financial support direction.

US - The Securities and Exchange Commission has charged two former State Street employees with misleading investors about their exposure to subprime investments.

UK - The trustee of the Merchant Navy Officers Pension Fund has selected Towers Watson as the delegated chief investment officer for its £3bn ($4.7bn) pension fund.