News

PRESSURE from pension schemes is improving research coverage of extra-financial issues, latest Enhanced Analytics Initiative research reveals.

UK - The National Association of Pension Funds (NAPF) has called for "energy and focus" on implementing the proposals issued by the HM Treasury after consultation on its Myners Review.

SWEDEN - The Swedish government has sold property company Vasakronan to AP Funds 1-4 for SEK41.1bn (US$6.9bn).

UK - Major institutional Marks and Spencer (M&S) shareholders have announced their intention to vote against the company's annual report and accounts at the annual general meeting (AGM) next week.

NETHERLANDS - APG Group has appointed Dr Olaf Sleijpen as managing director for institutional clients who would also sit on the Cordares board of directors following the impending merger.

IRELAND - Managed pension fund values fell lower than where they were the end of 2005 last month with €15bn ($23.8bn) being wiped out in the year to date, according to Rubicon Investment Consulting.

The pensions ombudsman has confirmed he cannot overturn a decision by trustees simply because it may appear unfair.

The Pensions Regulator head of corporate risk management Martine Trouard-Riolle is stepping down following a management restructure.

BRITISH Airport Authority workers have voted in favour of the proposed changes to the company's pensions plan.

THE University of Edinburgh Business School has teamed up with Aberdeen Asset Management to launch a series of educational seminars driven by the pensions industry.