News

JAPAN - Japanese corporate pension funds have increased their allocations to domestic bonds and reduced exposure to equities, a survey by JPMorgan Asset Management Japan reveals.

UK - Tesco has granted the trustees of its UK pension fund contingent property assets worth £500m, after reporting the scheme's deficit has nearly doubled.

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Trustees of the International Power Group of the Electricity Supply Pension Scheme have appointed Lane Clark & Peacock to act as scheme actuary.

EUROPE - Schemes are increasing their allocation to non-traditional asset classes in a bid to manage their risks more effectively, Mercer says.

US - The US$1.3bn pension fund consortium Service Employees International Union Master Trust has asked a number of firms to investigate over US$5bn of executive pay.

UK pooled property funds posted first quarter total returns of -11.1%, latest IPD figures reveal.

European schemes are increasing their allocation to non-traditional asset classes in a bid to manage their risks more effectively, Mercer says.

NETHERLANDS - Dutch pension fund ABP is set to acquire licensing agency, The Rodgers & Hammerstein Organization (RHO), through its music publishing investment fund Imagem Music Group.

The Local Authority Pension Fund Forum has tackled a second company with "poor" compensation practices and corporate governance performance.