The Parliamentary Contributory Pension Fund has appointed law firm Sackers to advise the scheme's trustees.
ROMANIA - Romania's mandatory pension system returned 17.7% in 2009 while the voluntary system boasted returns of 15.9%, figures by the Romanian Pension Fund Association (APAPR) showed.
CANADA - The Ontario Teachers' Pension Plan (OTPP) has led a group of investors in the acquisition of American International Group's (AIG) Canadian mortgage insurance business, OTPP said.
US - TCW Group announced it has withdrawn from the government's programme to invest in toxic bank assets following a staff exodus at the bond asset manager.
AUSTRALIA/SOUTH KOREA - South Korea's National Pension Service, the nation's biggest investor, bought an office building in Sydney for A$685m (US$626m) to diversify its investments as Australia's economy strengthens.
American asset manager Neuberger Berman has replaced its defined contribution scheme for UK employees with a new group stakeholder arrangement.
UK/US - American asset manager Neuberger Berman has replaced its defined contribution scheme for UK employees with a new group stakeholder arrangement.
The London Borough of Newham Superannuation Fund has appointed Barnett Waddingham to provide it with actuarial and investment strategy consulting services.
The £16bn Barclays UK Pension Fund has appointed Nick Stacey as associate director in its manager selection team.
UK - The £16bn (US$25.6bn) Barclays UK Pension Fund has appointed Nick Stacey as associate director in its manager selection team.