News

The Pension Regulator's decision to no longer backdate mortality proposals should give some comfort to a large number of trustees, Hewitt Associates says.

UK - Hays plc has appointed AllenbridgeEPIC (AEIA) as independent investment adviser and Alan Saunders as chairman of the pension scheme's investment committee.

TOWERS PERRIN has set up a capital markets subsidiary to advise schemes on risk transfer and management.

TRUSTEES of the £400m Newsquest Pension Scheme have allocated 10pc of the scheme's assets to two fund of hedge funds.

SCHEME wind-up victims who fell outside the scope of both the Financial Assistance Scheme and the Pension Protection Fund will qualify for help, the government has confirmed.

UK - Dynamic allocation funds have proven increasingly popular with defined benefit (DB) pension schemes in the past year, according to Baring Asset Management.

US - Institutional investors have started making fundamental changes to their fixed income strategies, including staffing up in-house capabilities to research the asset class, according to Greenwich Associates.

GLOBAL - The trustees of the International Accounting Standards Committee (IASC) Foundation have issued proposals to create a monitoring group and expand IASB geographical membership to improve transparency and diversity.

CANADA - The CAN$39bn (US$38.8bn) Public Sector Pensions Investment Board (PSP Investments) posted a $450m write down as a result of collateralised debt obligations (CDOs), according to its annual report.

AUSTRALIA - Super funds must diversify away from equities and towards other assets to protect themselves against 'shocks' brought on by a lack of diversification, a report from Russell has recommended.