News

UK - Over half of the 200 largest pension schemes contributed to an aggregate surplus of £6bn at the end of April 2008 according to Aon.

CHANGES to sex discrimination legislation could make employers liable for maternity leave pension contributions beyond the statutory 39 weeks, law firm Berwin Leighton Paisner claims.

THE aggregate surplus of the UK's 200 biggest pension schemes was £6bn at the end of April, Aon Consulting says.

THE Pension Protection Fund will take a formal role in the running of the Financial Assistance Scheme this summer, the department for work and pensions says.

The entry process for the Specialist and Alternative Investment Manager Awards 2008 has opened.

US - State Street Corporation has promoted Jay Hooley from vice chairman and head of global investment servicing, trading and research businesses to president and chief operating officer.

US - Former General Manager of the Los Angeles City Employees Retirement System (LACERS), Robert Aguallo, has joined the Cardinal Americas Fund as managing partner.

US - Diversification and liability matching have pushed pension funds to change investment strategies more rapidly, according to Greenwich Associates.

CANADA - The Alberta Investment Management Corporation (AIMCo) board has appointed Leo de Bever as CEO.

US - Pioneer Investments has appointed John F O'Connor as head of US Institutional.