News

EUROPE - Mercer has picked up three contracts for pension fund consultancy, administration and provision.

Stuart Rose faces shareholder revolt at M&S annual meeting; Cowdery denied B&B access; Fed sits tight as ECB chief signals rate rise; Barclays' bosses await vindication

US - UBS has agreed to sell its fiduciary business to Wilmington Trust in an all cash agreement.

The vast majority of scheme managers believe trustee training should be compulsory, an exclusive snapshot poll for Professional Pensions shows.

GLOBAL - Pension scheme trustees now have access to a code of conduct designed to promote the highest ethical standards in running schemes, developed by the Chartered Financial Analyst Institute (CFA).

AUSTRALIA - The pension indexation arrangements for Australian government superannuation schemes are to be reviewed.

US - The US$170bn California State Teachers' Retirement System (CalSTRS) has been awarded the 2008 'Pacesetter' award for supporting and developing diversity in investment management.

JARDINE Lloyd Thompson Private Clients has appointed Ron Peden as a senior consultant in its Glasgow office covering the whole of the Scottish region.

Forced opt-out of workers from pension face ban; Rising costs of living cut into pensions

THE Pension Protection Fund could collect around £160m more than its target of £675m through the buffer built into risk-based levy demands, a consultant claims.