News

The National Association of Pension Funds has announced the elections of new members of its two main policy-making bodies.

Corporate wraps could provide employers with an alternative to personal accounts for many firms, Friends Provident says.

The Pensions Regulator is urging employers that run defined contribution schemes to up their pension interaction with employees ahead of the 2012 reforms.

UK - Finance directors should brace themselves to report higher pension liabilities as the credit spread falls back from its peak, HamishWilson said.

US - The Indiana Public Employees' Retirement Fund (PERF) has hired Martin Currie to run a US$210m international equity mandate.

NETHERLANDS - Stichting Bedrijfstakpensioenfonds Zorgverzekeraars (SBZ) awarded a €135m (US$198m) real estate mandate to Russell Investments in an effort to reduce its home-country bias.

US - The Pension Boards United Church of Christ has tapped Northern Trust as global custodian for its US$2.4bn pension plan.

CANADA - The C$87.4bn (US$81.8bn) Ontario Teachers Pension Plan (OTPP) will acquire an additional 35.5% stake in UK-based Bristol International Airport (BIA) in a deal with Macquarie Airports.

US - The California Public Employees' Retirement System (CalPERS) has endorsed new principles for private equity relationships that aim to improve the alignment of interests among partners, governance and transparency.

Pension transfers using the industry Options system took 11 calendar days in the second quarter of the year, latest Association of British Insurers data reveals.