News

US - A judge has ruled shareholders in the Yahoo case cannot go to an early trial over losses incurred through the failed takeover by Microsoft and cannot invalidate the company's proposed severance package.

GLOBAL - The Employees' Retirement System of the Puerto Rico Electric Power Authority (ERS-PREPA) has chosen Northern Trust for its asset servicing.

NORTHAMPTONSHIRE POLICE has appointed Xafinity Paymaster as its pensions administration provider.

GLOBAL - Signatories to the UN Principles of Responsible Investment (UNPRI) doubled in 2008 to 381, bringing combined assets under management to US$14trn.

UK - The House of Lords has been urged by industry organisations to amend the Pensions Bill to avoid additional costs to employers and harming existing employer provision.

FRANCE/KOREA - Strikes have erupted across France, and South Korea has set a date for action, as unions protest against pension reforms.

TURKEY - ING has agreed to pay €110m for Oyak Emeklilik, Turkey's only voluntary pension fund for private pension fund management.

UK - Employers will have an increasing role in the financial education of their workers, with more than three-quarters (73%) wanting to offer help to their staff, according to Watson Wyatt.

THE BAA pension scheme is to use governance software provider eShare's 2008 platform to increase transparency to its board of trustees.

TRUSTEES of the InterContinental Hotels UK Pension Plan have appointed Schroders to manage an unconstrained global equity mandate worth £20m.