News

Professional Pensions has launched a comprehensive independent survey of the administration sector and invites you to participate.

Pension Capital Strategies has appointed Antony Osborn-Barker as managing director of its investment advisory service.

South Wales Police has outsourced its pensions administration services to Capita Hartshead.

EUROPE - Investors have shown renewed confidence to private equity pushing fundraising by European private equity funds up by 18% in the second quarter, data by the European Private Equity and Venture Capital Association (EVCA) revealed.

UK - Union Unite has warned of a "pensions backlash" from thousands of IBM employees over plans to close its final salary pension schemes to future accrual.

UK - The Universities Superannuation Scheme (USS) has paid £1.8m (US$2.9m) in bonuses to its investment staff despite its funding level dropping severely, according to its annual accounts.

US - Maurice "Hank" Greenberg, the former chief executive of American International Group (AIG), and five other defendants agreed to pay US$115m to settle a class action suit brought by three Ohio pension funds.

US - Trustees at the Fresno County Employees' Retirement Association (FCERA) have decided to axe the scheme's infrastructure investments in favour of boosting its commodities allocation.

AUSTRALIA - AMP Capital Investors voted on 473 resolutions in the first half of this year, the asset manager said in its biannual corporate governance report.

The Universities Superannuation Scheme has paid £1.8m in bonuses to its investment staff despite its funding level dropping severely, according to its annual accounts.