News
Canada
CANADA - The CAN$108.9bn (US$86.8bn) Canada Pension Plan Investment Board (CPPIB) has made a formal offer to acquire the Macquarie Communications Infrastructure Group (MCG) in a deal worth C$1.16bn (US$0.92bn).
31 March 2009
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Investment
Static asset allocation and fixed benchmarks can destroy scheme value, Hewitt Associates says.
31 March 2009
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Canada
CANADA - Interim loans advanced to General Motors by the governments of Canada and Ontario cannot be used to shore up underfunded pension liabilities.
31 March 2009
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United Kingdom
UK- Barclays is in exclusive talks with private equity firm CVC Capital Partners over the sale of its exchange traded fund business iShares, a source close to the deal says.
31 March 2009
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US
US - AEGON has promoted Transamerica Retirement Services chief executive and president Kent Callahan to group head of employer solutions and pensions of a number of subsidiary companies.
31 March 2009
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Netherlands
NETHERLANDS - The €208bn (US$281bn) ABP pension fund will increase contributions by 3 percentage points, withhold indexation and de-risk some of its investments in a bid to return to solvency within five years.
31 March 2009
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US
US - The Iowa Public Employees Retirment System (IPERS) has recovered US$35m from Westridge Capital Management, whose principals were arrested on charges of conspiracy and fraud in February.
31 March 2009
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Press
Rose receives heavyweight backing in the battle over control of Marks & Spencer; Revenue delay on small pension pot rules; Royal London capital cushion shrinks £1.1bn; Pension lifeboat in danger of sinking after £2bn Nortel hit; Inflation fears to hit...
30 March 2009
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Defined Benefit
The Rexam Pension Plan is to close its two defined benefit schemes to new members and replace it with another final salary arrangement.
30 March 2009
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Uncategorised
More than a quarter of pension professionals feel "very nervous" over their job security, research by GRS Group reveals.
30 March 2009
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