News

Funds recruited for capital projects; Standard Life gets younger

UK - Lawrence Churchill is to leave his post as chairman of the Pension Protection Fund to become the first chairman of NEST Corporation, the trustee body overseeing the country's new personal accounts scheme.

Lawrence Churchill is to leave the Pension Protection Fund to become the first chairman of NEST Corporation.

NORWAY - Norges Bank has defended itself against accusations that it is falling well short of its ambitions as an ethical investor with regard to climate change.

CANADA - The global stock market rally helped Canadian schemes claw back most of their 2008 losses, a survey showed.

UK - Pension funds could be missing out on returns from debt offered by high quality, but lesser known companies looking to raise cash through single bond issues.

Pension funds could be missing out on returns from debt offered by high quality, but lesser known companies looking to raise cash through single bond issues.

High fees are dampening the demand for opportunistic real estate investment, Towers Watson warns.

GLOBAL - High fees are dampening the demand for opportunistic real estate investment, Towers Watson warned.

Marine services provider Inchcape Shipping Services has agreed a £15m insurance buyout deal with Pension Insurance Corporation for its defined benefit pension scheme.