News

US - The Fresno County Employees Retirement Association (FCERA) may axe its allocation to infrastructure and divert the funds into a commodities portfolio if the board of trustees approves the change at a meeting tomorrow.

Any significant reform of MPs pensions should wait until a wider review of public sector pensions that seems likely following the general election next year, The Association of Consulting Actuaries says.

Unite is set to conduct a consultative ballot on industrial action over pay and pensions involving as many as 2000 of its Fujitsu members

Lucida managing director Chris Wales has left the company to move on to new opportunities.

FTSE 100 pension schemes turn to bonds; ITV proposes pension shake-up

Devon County Council Pension Fund has appointed managers to run two of the three mandates it tendered for in June last year.

JAPAN - Nomura Asset Management plans to expand its business in a bid to become a more global player in the asset management industry.

UK/US - Barclays Global Investors' (BGI) assets under management increased 12% in the first six months of the year, with the firm's iShares business experiencing the fastest growth, its UK-based parent company Barclays reported today.

US - The California Public Employees' Retirement System (CalPERS) invested US$463m in a real estate portfolio consisting of almost the same shopping centres it had previously sold in 2005.

UK - Pension scheme deficits have failed to improve despite significant rises in equity markets, latest research revealed.