News

US - The Teachers' Retirement System of the State of Illinois (TRS) placed Barclays Global Investors (BGI) on watch for poor performance on a US$593m enhanced equity brief, according to a statement by TRS.

NORWAY - Norway's Government Pension Fund - Global gained NOK309bn (US$51.3bn) in the second quarter, a record gain for the scheme, the Norwegian central bank said today. The pension fund also said it expanded its environmental focus to include water-related...

UK - Personal accounts will complement and not replace existing provision, chief executive of the Personal Accounts Delivery Authority Tim Jones said.

EUROPE - Belief among credit investors in Europe that the worst market disruption is over has surged over the second quarter, according to research from Fitch Ratings.

NETHERLANDS/SWITZERLAND - Dutch and Swiss schemes have shown renewed interest in commodities, MandateWire reported.

Ministerial salaries may be cut if Conservatives are elected; European high-yield bonds are in demand

Some 71% of defined contribution savers who received a "wake-up pack" from providers six months before retirement better understood their options, Association of British Insurers research shows.

Hymans Robertson has boosted its investment consulting team with two new appointments.

Personal accounts will complement and not replace existing provision, Tim Jones says.

Veritas Asset Management is wooing pension funds into its global equity strategy, which is currently dominated by retail investors.