News

GLOBAL - Currency managers have failed to position themselves in the market as a mainstream asset class for pension funds despite attractive returns, an asset manager has claimed.

GLOBAL - One in ten investors is expected by its peers to default on commitments made to private equity funds in the next years, the latest survey by Coller Capital revealed.

Henkel International - the Sellotape and Pritt Stick manufacturer - has appointed BlackRock to manage €2bn (£1.7bn) of assets across five of its pension funds on a fiduciary basis.

One in five employees without alternative pension savings are likely to opt out of personal accounts, two thirds of attendees at Watson Wyatt's latest debating forum believe.

CANADA - The Ontario government will allow the Ontario Municipal Employees Retirement System to provide third-party investment and pension administration services.

Spotlight on public sector pensions

Tackling a lack of knowledge and confidence amongst those who fail to join occupational schemes could create a "step change" in improving savings, the National Association of Pension Funds says.

US - Private equity firm Riverstone Holdings agreed to pay US$30m to the New York State Common Retirement Fund (CRF) to resolve its role in the ongoing state investigation on corruption related to CRF.

Barnett Waddingham has made Alison Hamilton, Sarah Brown, Paul Houghton and Matt Tickle partners of the firm.

Trustees of the Britannia Building Society Pension Scheme have filed a High Court claim against Eversheds, Mercer and Sedgwick Noble Lowndes over scheme equalisation advice.