News

SWEDEN - AP funds 1-4, with combined assets close to SEK890bn (US$132bn) have announced the exclusion of nine companies involved in the manufacture and sale of cluster bombs.

US - The Commodities Futures Trading Committee (CTFC) has reported on the swap dealers and index traders on commodities markets, and concluded more transparency and increased reporting was needed to better control the industry.

UK - The Pensions Trust has selected Paternoster to secure the benefits of 10,500 members of its Growth Plan.

UK - Not enough defined contribution (DC) pension schemes have carried out regular risk assessments over the last 12 months, Watson Wyatt warns.

US - General Motors (GM) has agreed to absorb US$3.4bn of pension liability from Delphi, as part of settlement and restructuring agreements, following Delphi's bankruptcy.

Pensions regulators from across the world fear defined contribution members are not given enough information to make investment decisions, research reveals.

Large pension schemes have increased their influence over the companies they invest in, National Association of Pension Funds research shows.

There is still time to enter for the 2008 Gold Standard Awards - run by Professional Pensions parent company Incisive Media - though entries close on September 13.

Edinburgh City Council will go out to tender for a transitional investment manager for its three pension funds later this year.

ICI Pension Fund has increased its global high yield bond allocation by £35m.