News
Investment
Institutional investors group have slammed proposals calling for a two-tier shareholding system giving more voting rights to long-term equity holders.
03 August 2009
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Legislation
US - Lawmakers introduced new legislation yesterday that would expand the board of the Pension Benefit Guaranty Corp. and prevent the director from participating in the manager selection process.
31 July 2009
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Investment
CANADA - Air Canada has raised more than C$1bn (US$937) in order to meet requirements for its recently amended pension and work arrangements.
31 July 2009
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Investment
US - Exxon Mobil poured US$3bn into its pension scheme during the second quarter, David Rosenthal, secretary and vice president of investor relations said in an earnings call yesterday.
31 July 2009
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Mandates
UK - Fiduciary managers are teaming up with the National Association of Pension Funds to develop a standard definition of the service, set to be revealed next year.
31 July 2009
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Appointments
NETHERLANDS - The €545m (US$769m) Stichting Pensioenfonds Siemens has raised the prospect of joining the €18.7bn industry-wide pension fund PME, but deliberations stalled when the fund's coverage ratio fell to 90%, MandateWire reported. In the meantime,...
31 July 2009
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Investment
Fiduciary managers are teaming up with the National Association of Pension Funds to develop a standard definition of the service, set to be revealed next year.
31 July 2009
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Defined Benefit
Jardine Lloyd Thompson has seen its pension deficit increase by £57m to £86m, according to the group's first half results.
31 July 2009
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Press
BAE Pension deficit soars; Pension plan rethink welcomed; BT pension deficit soars to £5.8bn as profits fall.
31 July 2009
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