News

US - The New York State Common Retirement Fund (CRF) has hired FTSE Environmental Technology 50 and HSBC Global Climate Change Index to invest a combined US$200m in green equity investments, the pension scheme announced.

UK - Defined contribution pension funds have returned to the value they were before the recession started in September last year, Aon Consulting figures showed.

SOUTH KOREA - Former president and chief executive of the South Korean National Pension Service (NPS) Ho Shik Kim has joined the board of Darby Overseas Investments, the private equity arm of Franklin Templeton Investments.

The Financial Services Authority has dismissed concerns over any possible contrast between Sir David Walker's recommendations on shareholder engagement and its own rules.

Equitable Life victims will be met with a more flexible approach to their compensation claims, a report from Sir John Chadwick says.

£1.12 trillion public sector pensions bill; Market surge lifts value of pension savings by £31bn

The poor economic climate has boosted demand for professional independent trustee services among occupational schemes, Independent Trustee Services says.

Standard Life Investments has expanded its fixed income team with the appointment of Andrew Fraser as investment director - banking.

Defined contribution pension funds have returned to the value they were before the recession started in September last year, Aon Consulting figures show.

US - CalSTRS is set to review its global equity mandates and will make changes "as necessary" in the wake of losses in excess of 30% last year, the scheme outlined in its 10-year investment plan.