News

Pension funds are natural buyers of infrastructure assets and funds but they are being presented with product which does not meet their specific needs, BAE Systems Pension Funds Investment Management says.

UK - Pension funds are natural buyers of infrastructure assets and funds but they are being presented with products which do not meet their specific needs, BAE Systems Pension Funds Investment Management said.

The UK's Debt Management Office realises there is strong demand from institutional investors for index linked and long dated gilt issues but is obliged to balance issuance with the unit's statutory obligation to ensure a transparent and predictable auction...

The DZ Bank London Branch Pension Plan has appointed Gatemore Capital Management to provide it with a dedicated chief investment officer service.

The Pensions Regulator's hardline stance on enhanced transfer value exercises could leave trustees vulnerable to legal action should an employer fail, a lawyer warns.

The International Accounting Standards board has confirmed it will no longer allow companies to use the corridor method in their accounting.

UK - The International Accounting Standards Board (IASB) has confirmed it will no longer allow companies to use the corridor method in their accounting.

The Treasury has failed to plan for changes in the size of the public sector when calculating pension costs, a National Audit Office report claims.

EUROPE/US - The European Commission has hit back at a letter by US Treasury secretary Tim Geithner warning the implementation of the hedge funds directive could cause a transatlantic rift by discriminating against US firms.

CHILE - Chile's Pension Reserve Fund (PRF) and the Economic and Social Stabilization Fund (ESSF) have returned on average 6.9% since their creation in 2006 to December 2009, ministry of finance Andrés Velasco revealed.