News

AUSTRALIA - The infrastructure debt market is being targeted for opportunities by institutional fund manager QIC.

UK - The aggregate funding position of some 7,800 defined benefit (DB) pension schemes is estimated to have worsened over the month of October to a deficit of £97.3bn (US$154bn), the Pension Protection Fund (PPF) says.

MERCER has launched a "carbon footprint" analysis service that compares client portfolios to a chosen benchmark such as the FTSE All-Share.

UK - HSBC is set to announce changes to its defined benefit pension scheme after a consultation period with trade unions closed six weeks ago, Unite says.

ITALY - Bank of Italy's vice director general Antonio Finocchiaro has been nominated president of COVIP, the Italian watchdog of pension funds.

NETHERLANDS - Dutch pensions regulator De Nederlandsche Bank (DNB) has given pension funds more time to submit recovery plans.

In recent times, fiduciary management has begun to spread beyond its origins in the Netherlands to other DB markets. Andrew Sheen examines a growing phenomenon

US - CalPERS board president Rob Feckner has hit back at critics of government pension plans, claiming they continue to provide a good deal for taxpayers despite current difficulties.

US - Batterymarch Financial Management, Inc has been dropped by the US$38.7bn Illinois Teachers' Retirement System (TRS) over performance issues.

INCLUDING: US - Dept of Labor sues Vigilance; SWEDEN - Carnegie introduces strong action programme; EUROPE - Montgomery rejoins LaSalle; SAUDI ARABIA - Credit Suisse expands presence in Saudi