News

UK - Lloyds Banking Group could potentially close its final salary pension scheme to existing employees, as it reviews its total rewards package.

CANADA - The Caisse de dépôt et placement du Québec has extended a C$100m (US$92.5m) loan to Yellow Pages as part of a program that extends credit to local companies.

The £350m Royal Borough of Kensington and Chelsea Pension Fund has appointed Northern Trust to act as its custodian.

Sharp Electronics has appointed STC Pensions Management to administer its defined benefit pension plan.

The proposed merger of the Faculty and Institute of Actuaries has failed to garner enough votes to go ahead.

Capita closes door to fresh acquisitions in life and pensions business; Investors blast bank over gilts sell-off; Pension costs of FTSE 100 executives soars

US - Institutional investors' quarter returns finally turned around in the second quarter after six straight quarters of losses, said Northern Trust.

CANADA - Caisse de dépôt et placement du Québec has appointed Roland Lescure as its new chief investment officer in the latest change following an extensive investment staff reshuffle earlier this year.

UK - The proposed merger of the Faculty and Institute of Actuaries has failed to garner enough votes to go ahead.

NETHERLANDS - Royal Dutch Shell contributed €2bn (US$2.8bn) into its pension fund in the second quarter, bringing the solvency level to the 105% required by the pension regulator.