News

GLOBAL - T. Rowe Price International has appointed Chris Alderson as president and chief executive officer, following the retirement of David Warren.

US- Greg Stahl, chief investment strategist of alternative investments at manager of manager SEI has resigned.

SWEDEN - The SEK8.1bn (us$988M) Pressens Pensionskassa has revealed it is at risk of losing around SEK102m invested in a troubled hedge fund. The hedge fund manager in question is now under investigation in relation to potentially overestimating the value...

US- Officials at iShares are making plans to fill vacant key roles and potentially shuffle its non-US personnel, as it breaks away from parent company Barclays and positions itself for overseas growth.

UK - Troubled building society Dunfermline has applied for its pension scheme to enter the Pension Protection Fund.

CANADA - The CAN$11.7bn (US$9.6bn) Canada Post pension plan lost almost 20% during 2008, its annual report reveals.

Women retiring this year will receive £6,642 per annum less in their annual pension than men, a Prudential survey reveals.

A victim of unfair dismissal was compensated for the loss of her defined benefit pension scheme up to her retirement age by the Employment Appeals Tribunal.

The vast majority of defined benefit trustees are confident their sponsor will be able to survive the recession, a Baker Tilly survey of 200 schemes reveals.

Schemes with sponsors domiciled outside the European Economic Area (EEA) are at risk of being denied Pension Protection Fund coverage despite paying the levy, a consultant warns.