News

UK - The three main political parties' manifesto pledges on pensions have been dismissed as "bland" with no commitments and saying "nothing explicit" by the PP Pensions Commission.

Pensions relief

Raising Standards of Pensions Administration is re-branding itself as the Pension Administration Standards Association and has outlined its strategy.

JLT Benefit Solutions is planning to make at least 15 people redundant from its St Albans office.

LONDON - Global Pensions invites readers to save the date for the Currency Management Forum London 2010 to discuss how pension funds can make the most of the unique currency environment.

US - The median pension fund for S&P 500 companies returned 16.2% in 2009, the highest level in five years, according to data by Wilshire Consulting.

NETHERLANDS - Dutch pension fund Stichting Pensioenfonds Stork has hired Acadian Asset Management to run a managed volatility global equity portfolio as it looks to diversify its passive assets.

UK - GLG Partners, the US$22.2bn asset manager whose hedge fund clients include global pension funds, has hired two senior managers from rival Tisbury Capital Management.

JAPAN - Japanese pension funds plan to increase stock and bond investments in emerging markets to diversify their portfolios and boost returns, according to a survey by JPMorgan Chase's asset management business.

Pitmans Trustees has made Richard Butcher managing director of the firm from May 1.