News

The £7bn West Midlands Pension Fund has invested £40m in a global long-short equity fund of hedge funds run by Goodhart Partners.

PensionDCisions has launched an online tool to help individuals understand their attitude towards risk.

The management team at The Pensions Advisory Service is to be cut back after a Deloitte review identified corporate governance issues at the body.

EUROPE - T. Rowe Price has launched its first global fixed income absolute return strategy.

UK - The Conservatives have pledged to reverse the multi-billon pound pension "tax raid" introduced in 1997 by then chancellor Gordon Brown.

US - Two more people pled guilty in the ongoing investigation relating to a pay-to-play scheme at the New York State Common Retirement Fund (CRF), New York state attorney general Andrew Cuomo announced yesterday.

IRELAND - Aer Lingus said it will negotiate with trustees of both its defined benefit schemes to create a defined contribution plan for all its employees as part of a company cost-cutting measure.

GLOBAL - The secondary private equity market could parallel the buy out bubble of 2007, one consultant warned.

GLOBAL - Nearly 70% of all asset management merger and acquisition activity in the third quarter were a result of banks shedding their asset management arms, data by Jefferies Putnam Lovell showed.

The Accountancy and Actuarial Discipline Board has launched a probe into the conduct of an actuary in connection with Equitable Life.