News

SWITZERLAND - The Swiss Post Pension Fund has allocated an additional CHF60m (US$55.5m) to TOBAM's so-called anti-benchmark fund, the French asset manager said.

EUROPE - The Economic and Monetary Affairs Committee of the European Parliament (EP) started their scrutiny of the latest draft of the Alternative Investment Fund Managers (AIFM) directive focusing on the exemption of pension funds and other entities....

CANADA - The University of Toronto pension and endowment fund is set to adopt profound changes to its investment strategy and its investment management structure following a 30% loss on its assets during 2008.

US - A federal court ruling certified a class action led by three Ohio pension funds accusing the American International Group (AIG) of securities fraud, but excluded bondholders from the class.

The London Pensions Fund Authority has set out a three-step plan to help secure the long-term sustainability of the Local Government Pension Scheme.

Cardano made two new hires to its London-based operation.

The value of employer top-up contributions into self-administered pension funds dropped by almost half between 2006 and 2008, Office for National Statistics data reveals.

Councils now back pension reform, says funds chief; Regulator takes aim as recession hits pensions; Pension proposals need to be more straightforward; The Tories' pension plan may backfire

Babcock International Group has chosen Friends Provident to administer a single defined contribution pension scheme for employees without access to its existing defined benefit schemes.

UK - Babcock International Group has chosen Friends Provident to administer a single defined contribution pension scheme for employees without access to its existing defined benefit schemes.