News

UK - Premier Foods is the latest company to be linked with a big-money longevity swap deal as it seeks to offload £2bn (US$3.1bn) of longevity risk from its Rank Hovis McDougall pension scheme.

The Church of England will discuss its future pension scheme strategy this week but will ignore its contentious 100% equity investment strategy, John Ralfe says.

Towers Watson has expanded its sustainable investment team with a senior hire from Mercer.

UK - Towers Watson has expanded its sustainable investment team with a senior hire from Mercer.

Schemes are increasingly shifting towards active strategies as market rallies pushed down fees in 2009 across most asset classes, latest bfinance research reveals.

Pensions to seek lower fees; The Church's reckless investment gamble; Pension funds pile into UK property; Pension Corp set to seal capital raising; 15% fall in share dividends leaves pensions exposed

Royal London Asset Management has launched a global index-linked bond fund aimed at hedging against potential inflation, but at higher yields than currently available in the UK.

US - US regulators seem to have softened their stance on placement agents who are hired by investment managers to win contracts from public pension funds.

GLOBAL - Private equity and real estate fundraising last year reached the lowest level since 2004, a survey by Preqin has revealed.

US - State Street Corp. has reached a settlement with the SEC and Massachusetts authorities that results in the firm ultimately paying US$663m to investors who lost money in active fixed income strategies run by State Street Global Advisors.