News

NETHERLANDS/UK - Mn Services Investment Management is set to launch its fiduciary management offering for UK pension schemes.

CANADA - Newly appointed Caisse de depot et placement du Quebec chief executive Michael Sabia received almost CAN$21m (US$16.8m) in remuneration last year as outgoing chief executive of Bell Canada Enterprises (BCE).

CANADA - The CAN$43bn (US$34.5bn) Ontario Municipal Employees' Retirement System (OMERS) has taken a majority stake in the Detroit River Tunnel in a renegotiation of terms with its partner Canadian Pacific Railway (CP).

Professional Pensions will be hosting a two day investment conference on June 3-4, 2009 at the Business Design Centre in Islington, London.

US - The Church Pension Group (CPG) which provides retirement benefits for members of the Episcopal Church, said assets fell by 18.8% in 2008.

DENMARK- PFA Pension has acquired Nordic Asset Management in a bid to manage money for institutional investors outside of its existing client base.

US - AllianceBernstein said it cut more than 200 jobs in the first quarter, with more cuts to come, in a bid to reduce costs.

A group of major institutional investors has written to the prime minister urging the G20 to support a strong green element in programmes of fiscal stimulus.

AWD Chase de Vere Consulting has launched an online service to provide employees with forecasts for both their state and occupational pensions.

Now taxpayers bail out MPs' pensions; Myners under fire for his account of Goodwin's £16m RBS pension; 100th pension in protection fund