News

US - The underfunded pension plans of eight companies with a combined US$236.3m in assets have fallen into the Pension Benefit Guaranty Corporation in less than a month.

Around three quarters of charities have not assessed the impact of legislative changes to their pension strategy in 2012, Foster Denovo and ACEVO says.

SPAIN - Assets under management (AUM) of pension funds falling under the individual system category increased by 6.9% in 2009 to €51.6bn (US$74.8bn) largely due to positive investment returns, data from research company VDOS Stochastics revealed.

The senior editorial team at PP has passed the Pension Management Institute's Retirement Provision Certificate.

The Investment Governance Group has handed over its first consultation document to Paul Myners for feedback.

Insight Investment has shifted its socially responsible investment function to individual fund management teams following its acquisition by BNY Mellon Asset Management last year.

UK - Insight Investment has shifted its socially responsible investment function to individual fund management teams following its acquisition by BNY Mellon Asset Management last year.

The Merchant Navy Officers Pension Fund has sold three properties in its portfolio for £60m.

DENMARK - Danish pension fund ATP is set to select an information technology provider for its internal IT management and back office works at the end of February, the fund's CIO Per Rasmussen has confirmed.

EUROPE - Long-term UCITS funds attracted €19bn (US$27.4bn) in assets in November, marking the eighth consecutive month of gains, according to new data by the European Fund and Asset Management Association.