News

Cardano has hired Richard Urban and Pushkin Singh Akhawat to its London-based investment management team.

CANADA - The current operating environment for pension funds has discouraged the creation and continuation of defined benefit (DB) schemes, according to a high level report by the Nova Scotia government on the future of the pension system.

Civil servants are expected to claim their pension benefits for 29 years - two years longer than previously expected, latest accounts show.

Shoe retailer Stylo has restructured its business to avoid going into complete administration saving its pension scheme from falling to the Pension Protection Fund.

Trustees of the Home Retail Group Pension Scheme have appointed KPMG to act as its investment adviser.

Resilient F&C Asset Management helps to restore some faith in fund managers; Weak pound deepens BA's woes; Advice that may put payment of pensions at risk; Corus to axe 2,500 UK jobs and reduce output

BALANCED pooled fund holdings in UK equities plunged from 43.5% to 36.5% in 2008, latest figures from BNY Mellon Asset Servicing reveal.

THE Church in Wales has appointed Quantum Advisory to provide actuarial and consultancy services for The Clergy Pensions and Gratuity Scheme.

UK - The West Sussex County Council pension fund has awarded a £567m (US$798m) investment mandate to UBS.

US - Plan sponsors are focussing on the most easily definable risks at the expense of those more difficult to model and measure, a study by MetLife has found.