News

UK - The £4.1bn (US$6.5bn) Merseyside Pension Fund has retained fixed income managers Schroders and Legal & General following a formal review and tender process.

US - New York state comptroller Thomas DiNapoli will have some company as he leads the state's US$116bn pension fund if a new legislation calling for the abolition of the single-trustee model is passed.

US - The Fresno County Employees Retirement Association (FCERA) has terminated Brandywine Global Investment Management for poor performance, despite the firm offering to drop its performance fee to zero.

CANADA - The Canada Pension Plan Investment Board has partnered with Sterling Partners to acquire the Livingston International Income Fund for C$8 (US$7.65) per unit, Livingston said.

IRELAND - The overall returns for the National Pensions Reserve Fund were up 7.5% during the third quarter of 2009 due to gains realised in its equity holdings.

The total deficit of FTSE350 pension schemes dramatically worsened to an estimated £102bn at the end of June, latest Pension Capital Strategies research reveals.

Pension funds turn to the low-risk area of microfinance; Aegon UK forced to admit pensions blunder

HM Revenue & Customs will go out to consultation on amendments to A-Day regulations that threaten members' tax free cash on wind-up for the second time, PP has learned.

Employers are not paying sufficient attention to contract-based defined contribution scheme governance structures, Standard Life research says.

The £4.1bn Merseyside Pension Fund has retained fixed income managers Schroders and Legal & General following a formal review and tender process.