News

CANADA - The Caisse de dépôt et placement du Québec has announced plans to reduce expenses by C$20m (US$20m) this year in part by reducing external asset management fees.

Emma Dunkley previews the April 15 edition of Professional Pensions.

US - Taxpayers across the US owe public school teacher retirement accounts about US$933 billion, nearly triple the amount reported by the plans themselves, a study said.

NETHERLANDS - The Shell pension fund for the company's Dutch employees gained 26% in 2009 in what is the best result the scheme has achieved in the last 10 years.

CANADA - Canada Post pension plan returned 16.2% in 2009, ending the year with C$13.58bn (US$13.59bn) in assets under management.

DENMARK - Danish pension manager LD has put up to €6bn (US$8.2bn) in assets up for bid for 12 bond and equity mandates.

The Pension Protection Fund and Visteon UK scheme trustees have filed a $550m (£350m) claim against US Visteon Corporation to recover money for the fund.

US/UK - The Pension Protection Fund and Visteon UK scheme trustees have filed a US$550m claim against US Visteon Corporation to recover money for the fund.

BP's disclosure on the financial, environmental and human rights risks of its controversial Canadian tar sands project remains insufficient an investor coalition says.

GLOBAL - BP's disclosure on the financial, environmental and human rights risks of its controversial Canadian tar sands project remains insufficient, an investor coalition said.