News

CANADA - The investor group led by the Ontario Teachers' Pension Plan (OTPP) has an had its deadline extended for the filing of documents relating to the acquisition of Bell Canada Enterprises (BCE).

FRIENDS Provident has reported an 11pc increase in first quarter life and pensions new business from £223m to £247m.

US - CalPERS CEO, Fred Buenrostro, has confirmed he is to retire from public service to pursue private sector opportunities.

ALMOST two-thirds of defined contribution scheme trustees claim members are failing to fully understand their pension, Aon Consulting research reveals.

UK - Pension funds which have hedged out interest rate and inflation risk must now face up to longevity risk, according to a report released today.

GERMANY - Deutsche Bank reported a net loss of €141m (US$219.3m) in Q1 2008 with an 8% poorer performance in asset management revenues than the same period last year.

UK - Russell has scooped two Watson Wyatt and a Hewitt staffer for its EMEA institutional investment services team.

US - The California State Teachers' Retirement System (CalSTRS) has put forward its first shareholder proposal since 2004, to pressure natural gas pipeline company ONEOK to report on its greenhouse gas emissions.

UK - Nearly two thirds (61%) of trustees on defined contribution (DC) pension fund boards think their members do not know how much their pension is worth, according to Aon Consulting.

UK - The Public Accounts Delivery Authority (PADA) should beware industry reaction to charging structures, according to the Pensions Policy Institute (PPI) and Mercer's response to a call for consultation.