News

IRELAND - Irish pension funds are in "detailed talks" with the government about infrastructure investments, which could support the state's battered balance sheet, the department of finance has confirmed.

The Alternative Investment Management Association has published a guide to sound practices for funds of hedge funds managers.

US - The National Chrysler Retirement Organization has appointed Chicago law firm of Stahl Cowen Crowley Addis LLC to represent non-union retirees in Chrysler's bankruptcy proceedings in New York.

UK - The parliamentary ombudsman has released a special report condemning the government's "disappointing" response to her Equitable Life recommendations.

Ombudsman's Equitable Life report blasts the government for 'injustice unremedied'; Britons face working until 70 to help bring public debt under control

US - The trustees of New York City Police Pension Fund (NYCPPF) have voted to suspend the use of placement agents, firms and middlemen in investments with the NYC Pension Funds, NYC comptroller William Thompson has said.

PS Independent Trustees has hired Mark Homer as an independent trustee.

Hymans Robertson has appointed John Wright to the newly created post of head of public sector consulting.

Pension investors lose faith in fund managers; RBS finance chief quits as US test lifts banks; Britons rely on inheritance to help fund retirement

The Pension Protection Fund has launched an updated online reporting system for insolvency practitioners.