News

UK - The number of schemes putting contingent assets in place jumped by 30% to 587 in 2009/10, research from the Pension Protection Fund and The Pensions Regulator revealed.

The Financial Reporting Council has begun consultation on a stewardship code setting out good practice for institutional investors when engaging with UK listed companies.

MEXICO - The Mexican government should require companies and employees to more than double their pension contributions to bolster retirement incomes and the economy, said Oscar Franco, head of the pension association.

NORWAY - Officials at Norges Bank Investment Management (NBIM), manager for the Government Pension Fund Global, have written to the Ministry of Finance to defend its use of active management, as the future use of the investment strategy comes under question....

US - Emerging market specialist Finisterre Capital has launched an absolute return fund seeded with US$250m of initial capital from the New York State Common Retirement Fund (CRF).

MEXICO - The country's pension fund assets rose 22.8% in 2009 to MXN1.15trn (US$90.8bn), according to data released by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR).

A coalition of 141 institutional and individual investors has demanded oil giant Shell report on the investment risks associated with its controversial Canadian oil sands project.

GLOBAL - A coalition of 141 institutional and individual investors has demanded oil giant Shell report on the investment risks associated with its controversial Canadian oil sands project.

UK - A complex legal case concerning the funding of the Pilots National Pension Fund has started in the High Court.

A complex legal case concerning the funding of the Pilots National Pension Fund has started in the High Court.