News

UK - The £400m Harsco Investment Pension Fund has dropped one of its bond managers as part the implementation of the final stage of its liability driven investment (LDI) strategy.

THE National Association of Pension Funds (NAPF) has given its broad support to proposals which will help institutional investors on issues such as voting and the obligations of proxies.

Almost three-quarters of scheme managers believe government measures to make it easier to introduce shared risk pension schemes would be a welcome move.

AUSTRALIA - Proposals by the Australian Prudential Regulation Authority (APRA) to publish fund data are "sub optimal" and could mislead investors, the Investment and Financial Services Association (IFSA) believes.

THE Pension Protection Fund has appointed Alan Rubenstein as its new chief executive.

SOME buyout insurers could reduce pensions in payment should deflation occur, Punter Southall warns.

NETHERLANDS - THE €20m (US$25.7m) Aena Pension Fund has appointed PGGM to provide it with pension administration and investment services.

LAW firm HBJ Gateley Wareing has appointed Michael Collins and Mario Conti as partners in its pensions team.

UK - The deteriorating economic climate will create new conditions for pension funds in the year ahead, according to BlackRock.

US - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the pensions of more than 500 employees and retirees of the Jane Addams Hull House Association in Chicago.