News
Defined Contribution
The Conservative Party has confirmed a large chunk of its pensions strategy in a major policy document on economic growth.
02 February 2010
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US
US/NETHERLANDS - Dutch pension fund Stichting Pensioenfonds Medewerkers Apotheken (PMA) has filed a federal court lawsuit against State Street Bank and Trust alleging breach of fiduciary duties and securities fraud following losses in a 120/20 fund.
02 February 2010
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Infrastructure
US - Major US pension funds have invested in the second infrastructure fund raised by Alinda Capital Partners, which recently closed at US$4bn.
02 February 2010
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Law
US/EUROPE - A group of investors led by the Retirement System for the General Employees of the City of Miami Beach have won a class action trial against Vivendi and will be entitled to recover an estimated US$9.3bn.
02 February 2010
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Law
US - The New York City Employees' Retirement System (NYCERS) will sue Apple's Steve Jobs and other key managers for the second time after an appeal court granted the pension fund the right to do so.
02 February 2010
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New Zealand
NEW ZEALAND - The New Zealand Superannuation Fund has invested US$125m in catastrophe-linked securities.
02 February 2010
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Property
Legal & General has launched an index-linked property fund in a bid to provide schemes with an alternative to index-linked gilts and bonds.
02 February 2010
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Mandates
The Greater Gwent Pension (Torfaen) Pension Scheme has invested £125m in a global equities mandate with Aberdeen Asset Management following a bfinance search.
02 February 2010
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Regulation
The Reader's Digest Association says The Pensions Regulator will not approve a rescue plan for its pension scheme, throwing the future of its UK business into jeopardy.
02 February 2010
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United Kingdom
UK/US - The Reader's Digest Association said The Pensions Regulator will not approve a rescue plan for its pension scheme, throwing the future of its UK business into jeopardy.
02 February 2010
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