News

UK - J.P. Morgan global head of transition management (TM) John Minderides has left the firm. Meanwhile, BlackRock has lost one senior TM member, and the European co-head has gone on sabbatical.

Sponsoring employers doubled the use of diversified growth funds last year as they looked to de-risk their final salary schemes, Aon Consulting research shows.

Higher education employees have emphatically rejected employer reforms to address the Universities Superannuation Scheme's £17bn deficit following an online ballot.

The £700m BG Pension Scheme has chosen Hymans Robertson as its investment adviser.

Pension funds face losing 25% of their benchmark investment return if they fail to actively manage currency risk, delegates heard.

Property management and development group Places for People plans to close its final salary scheme to future accrual in the face of crippling pension costs.

US - The California State Teachers' Retirement System, the second-biggest US public pension fund, agreed to begin investing in commodities as a hedge against inflation and to buffer losses in equities.

Default funds are the "healthy choice" for savers but not all the investment options being used adequately cater for members needs, AllianceBernstein says.

Emerging market debt fundamentals are attractive for pension funds seeking portfolio growth and diversification, J.P. Morgan Asset Management says.

GLOBAL/UK - Emerging market debt fundamentals are attractive for pension funds seeking portfolio growth and diversification, J.P. Morgan Asset Management said.