News

Pensions to seek lower fees; The Church's reckless investment gamble; Pension funds pile into UK property; Pension Corp set to seal capital raising; 15% fall in share dividends leaves pensions exposed

Royal London Asset Management has launched a global index-linked bond fund aimed at hedging against potential inflation, but at higher yields than currently available in the UK.

US - US regulators seem to have softened their stance on placement agents who are hired by investment managers to win contracts from public pension funds.

GLOBAL - Private equity and real estate fundraising last year reached the lowest level since 2004, a survey by Preqin has revealed.

US - State Street Corp. has reached a settlement with the SEC and Massachusetts authorities that results in the firm ultimately paying US$663m to investors who lost money in active fixed income strategies run by State Street Global Advisors.

UNITED ARAB EMIRATES/UK - Abu Dhabi's state investment authority has confirmed it has become a minority shareholder of Gatwick airport.

British Airways is discussing a range of changes to future pension benefits with its staff, their unions and trustees.

There are just four hours left to nominate candidates for the Pensions Personality of the Year 2010.

The Pensions Advisory Service has appointed Marta Phillips as chief executive.

BA reports surprise third-quarter profit; 'Significant doubt' over EMI's viability