News

Trustees of the G4S Pension Scheme have outsourced their investment strategy for one section of the fund to Cardano.

US - The California Public Employees' Retirement System plans to hire Meketa Investment Group as its lead infrastructure consultant if the appointment is approved at a December 14 investment committee meeting.

Construction company Costain has closed its £450m DB scheme to future accrual.

EUROPE - The implementation of the Alternative Investment Fund Managers (AIFM) directive in its current format is set to cost the European Union 0.1% to 0.2% in annual GDP growth, a study by Europe Economics has revealed.

US - California-based investment manager TCW announced Friday it fired chief investment officer Jeffrey Gundlach and has acquired bond manager Metropolitan West Asset Management (MetWest).

NETEHRLANDS - Economic policy adviser CPB has urged the Dutch government to start the state retirement age reform no later than 2015 instead of waiting until 2020.

US - The funding status of US corporate pension plans rose to a six-month high in November, according to BNY Mellon Asset Management Statistics.

AUSTRALIA - Superannuation funds should hedge their portfolios against inflation to protect them against a surge in US prices, research by fund manager QIC has warned.

Paternoster will not be looking to re-enter the buyout market until turbulent markets have settled, chief executive Ed Jervis says.

The vast majority of businesses are unprepared to deal with the "protection time bomb" that closing or revising defined benefit schemes could create, research reveals.