News

UPDATED clearance and abandonment guidance from The Pensions Regulator has been released which brings it in line with the Pensions Act 2008.

NETHERLANDS - PGGM has hired Kas Bank as custodian for a portion of the European securities portfolio it manages on behalf of Pensioenfonds Zorg en Welzijn (PFZW).

THE trustees of the £1bn Plumbing and Mechanical Services (UK) Limited Pension Scheme have reappointed JPMorgan Investor Services to provide the fund with custodian services.

Henderson Global Investors has hired a five-strong currency team from the investment banking arm of Fortis in a bid to boost its fixed income capability.

THREE investment associations have opposed public disclosure of short selling information.

US - S&P1500 pension plans are carrying a shortfall estimated at US$409bn - a deficit which could force companies to re-evaluate existing provision, Mercer says.

MARKS & SPENCER is set to cap employees' annual increases in pensionable pay and change early retirement benefits in a bid to cut costs.

UK - Marks & Spencer is set to cap employees' annual increases in pensionable pay and change early retirement benefits in a bid to cut costs.

UK - Pension fund trustees are facing average returns of -13% for 2008, preliminary State Street Investment Analytics figures reveal.

Pensions funds gain from drop in sterling