News

The Pensions Regulator has reviewed and changed the information used in the valuation summary form to make it easier to review recovery plans.

Pension fund apathy on environmental issues twinned with short-term analysis of the problem has suppressed the inclusion of climate change in investment decision making, research shows.

Hewitt Associates has hired John Rushen as head of its UK investment consulting practice as part of an internal reorganisation.

Treasury minister Paul Myners has called for the establishment of an independent Council for Institutional Investors to speak on behalf of schemes and other institutional investors.

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.