News

SWITZERLAND - The CHF305m (US$269.1m) BVG-Stiftung der Marti-Unternehmungen - the Swiss construction firm's pension fund - has decided not to move from mandates to investment foundations and will instead switch existing mandates from active to passive...

CANADA - The Ontario Teachers' Pension Plan (OTPP) and the Ontario Municipal Employees' Retirement System (OMERS) posted significant losses through 2008, the schemes' annual reports reveal.

JAPAN - Japanese corporate pension funds lost an average of 17.1% in the year ended March 31, the worst losses in over a decade, according to data by Watson Wyatt.

US - The Illinois government has passed a bill that overhauls the management of the state's four pension boards and removes Jon Bauman the executive director at the Teachers' Retirement System of the State of Illinois (TRS).

NORWAY - The US$329bn Government Pension Fund - Global has unveiled sweeping changes to its ethical investment policy, and will make more than US$3bn available for environmental investments.

AUSTRALIA - The Australian opposition's A$5bn (US$3.6bn) super policy is a "poorly targeted piece of policy on-the-run" that could potentially stifle job creation, minister for superannuation and corporate law Senator Nick Sherry says.

Including: US - CalSTRS re-elects Dillon; AUSTRALIA - Qantas boosts Super pot; UK - OSPARA teams up with PGD;

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.

AXA is to shift its corporate pensions focus more towards the fee-based market, the company has announced.

City Minister Lord Myners urged to resign over Sir Fred Goodwin pension deal; Analysts suspect BT will order zero dividend to raise pension cash