News

US - Institutional investors in the US could move some US$300bn to $500bn from US large-cap strategies in the next three to five years, a survey by Bank of America Merrill Lynch showed.

US - Strong equity markets helped deliver an 18.3% return in the six months through September 30 at the New York State Common Retirement Fund (CRF), trustee and state comptroller Thomas DiNapoli said.

NETHERLANDS - Stichting Pensioenfonds ABP will increase Dutch civil servants' pensions by 0.45% in 2010 to partially reflect the average growth in wages in the government and education sectors.

GLOBAL - An industry working party will be created, to assess the feasibility of extending the Global Investment Performance Standards (GIPS) to include transitions, according to Paradigm Investment founder Colin Morrison.

SWITZERLAND - Officials at UBS expect to see positive flows into its asset management unit next year, the Swiss bank said as it discussed an overhaul of the company's strategy aimed at bringing the firm back into positive territory.

Environmental, social and corporate governance factors have a positive affect on portfolio returns, according to Mercer.

Garvin Trustees has appointed Quantum Advisory to provide administration, consultancy and actuarial services to the Palmer Timber Limited Retirement Benefits Scheme.

Pensions fund worries for British banks; Investor bodies draw up new code of conduct for pension funds and trusts

Gatemore Capital Management is expanding its investment consultancy services into the UK with the launch of a London office.

Cable & Wireless is set to split its main UK pension scheme into two as part of demerger proposals to separate into its two businesses, Worldwide and CWI.