News

TRUSTEE boards must ensure any conflicts of interest which exist for their schemes secretary are recognised and dealt with, a lawyer warns.

COMMERCIAL law firm Beachcroft has re-launched its occupational pension scheme for its 1400 employees.

NETHERLANDS - The Dutch industry pension fund for the cleaning and window cleaning industry has chosen Cordares as its administrator.

INCREASED deficits are set to complicate scheme specific funding liability negotiations, Hewitt Associates warns.

New Star to hand over business to banks; Investors reject restructuring at Centaurus fund; Fink to raise $5bn for eco-funds

GLOBAL - Pooled fund of hedge funds (FoHFs) failed to achieve positive returns during the third quarter of this year, latest data from BNY Mellon Asset Servicing reveals.

JAPAN - Tokio Marine Asset Management (TMAM) and Governance for Owners (GO) have launched the Japan Engagement Consortium (JEC), which will engage on behalf of institutional shareholders with Japanese companies to improve long term returns.

THE Pension Protection Fund has issued important guidance about the information that eligible schemes need to provide to ensure their levies can be calculated correctly.

UK - Cornwall County Council has gone out to tender for a passive global equity mandate for its pension fund, which would initially comprise a portfolio of £50m (US$72.3m).

GLOBAL - Credit Suisse has announced it will cut 5,300 jobs following an estimated preliminary net loss of CHF3bn (US$2.5bn) in the three months to the end of November.