News

The National Association of Pension Funds this week urged the European Parliament to vote down an amendment to a controversial directive that would further hinder its members accessing EU-based alternative funds.

EUROPE - The international trade body for hedge funds, along with the NAPF, this week urged the European Parliament to vote down an amendment to a controversial directive that would hinder its members investing in EU alternative funds.

At the beginning of March, Professional Pensions interviewed the then Liberal Democrat pensions spokesman Steve Webb about his party's key pensions policies in the build up to the general election.

Liberal Democrat MP Steve Webb has been appointed as pensions minister.

IRELAND - The National Pensions Reserve Fund (NPRF) will receive €280m (US$351.8m) worth of Allied Irish Bank (AIB) ordinary shares in lieu of a cash payment of this year's coupon.

US - George Canellos, the head of the Securities and Exchange Commission's Manhattan office, said he is pushing his staff to scrutinize products normally sold to institutional investors after the financial crisis showed that even sophisticated buyers...

US/UK - The trustee of the Visteon UK Pension Plan and the Pension Protection Fund are withdrawing a US$550m (£350m) claim against Visteon Corporation.

The trustee of the Visteon UK Pension Plan and the Pension Protection Fund are withdrawing a US$550m (£350m) claim against Visteon Corporation.

US - Nine public pension funds are calling for Massey Energy shareholders' to withhold support from three board directors claiming they have failed to carry out their safety oversight duties.

GLOBAL - ETF providers including Lyxor have signed licence agreements with Standard & Poor's to launch funds on the S&P 500 index.