News

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.

BOARD for Actuarial Standards chairman Paul Seymour has had his position approved by the non-executive directors of the Financial Reporting Council.

GISSINGS Consultancy Services has changed its logo and colour scheme in a bid to freshen up its brand.

EMI pension trustees call in regulator as talks break down; Hopes rise of end to Grangemouth dispute; Aviva abandons Norwich Union brand; Friends blooming after Flowers' bid is picked off