News

BT Fund expected to raise hedge allocation; Watson Wyatt wins biggest UK mandate; London market and pound drop sharply; Bradford & Bingley nationalised

HSBC has launched a group self-invested personal pension with Standard Life for employees who are looking to invest maturing HSBC Share Reward Plans into a pension.

THE Merchant Navy Officers Pension Fund has appointed Watson Wyatt to take on the management of its £3.2bn of assets in what is believed to be the largest fiduciary mandate awarded in the UK.

ASIA - Demand for transition management services is expected to rocket as pension funds in the region increasingly include global investments in their portfolio.

BALANCED pooled funds achieved a median return of 4.1pc in August 2008, latest figures from BNY Mellon Asset Servicing reveal.

EUROPE - UK pension funds have adapted their approaches to interest rates and inflation hedging, as a result of current market conditions.

UK - Consumers are taking a much more pessimistic view of their retirement prospects and are losing confidence in being able to provide for a comfortable retirement, Alliance Trust says.

UK - Hermes, the asset management arm of the BT Pension Scheme (BTPS), has announced the expansion of its fund of hedge fund capabilities with the appointment of Matteo Dante Perruccio.

US - Pension fund beneficiaries have protested last Friday over the way the Illinois Municipal Retirement Fund (IMRF) and the Pennsylvania Public School Employees' Retirement System (PSERS) boards of trustees managed investments and took their fiduciary...

UK - The fund management industry is at its most pessimistic for a decade, the Confederation of British Industry and Pricewaterhouse Coopers (PWC) has warned.