News

Transport for London has asked the High Court to launch a judicial review into a £9m levy it was ordered to pay by the Pension Protection Fund.

Pitmans Trustees has hired Darren Jefferson as a manager in its business development team.

The total deficit in the pension schemes of FTSE100 firms fell to £64bn over the past three months, latest research from Pension Capital Strategies reveals.

Aviva's life and pension sales fell 11% in the first nine months of 2009, but the insurer says it has made significant improvements to its capital position.

UK - About £4bn (US$6.5bn) worth of buyout, buy-in and longevity swap deals were struck during the third quarter of the year, Hymans Robertson analysis revealed.

EUROPE - The CFA Institute does not believe the European Union directive requiring more regulation of alternative asset managers will harm the alternatives business, and a recent CFA survey shows many members support some aspects of the proposal.

NEW ZEALAND - A consortium comprising the New Zealand Superannuation Fund and infrastructure investment fund Infratil is in exclusive talks to acquire part of Shell New Zealand's refining and downstream assets.

UNITED ARAB EMIRATES - Royal Bank of Canada has expanded its corporate pension trustee and administration business to the Middle East by bringing in two new hires in Dubai.

CANADA - The C$2.2bn (US$2.03bn) Saskatchewan Teachers' Federation has hired State Street to provide custody, fund accounting and securities lending services.

US - Kevin McCabe, who acted as a placement agent for a private equity firm that received US$800m in New York pension fund investments, agreed to pay $535,000 to end a probe of his role by state Attorney General Andrew Cuomo, according to his attorney....