News

DENMARK - PFA Pension plans to increase its direct allocation to hedge funds, following its recent investment worth around DKK135m (US$28.5m).

SWEDEN - Alpha and beta separation is continuing to be a growing trend among pension funds, with the latest announcement that Sweden's SEK225bn (US$37.5bn) AP3 fund has restructured its asset management operations.

PORTUGAL - Deutsche Bank is to offer custody and related services to Portuguese pension funds.

CANADA/ITALY - The CAN$30bn (US$29.4bn) Hospitals of Ontario Pension Plan (HOOPP) and two other large investors have acquired 85% of Italian motorbike manufacturer Ducati.

AON CONSULTING has appointed Sarah Zambonini in a bid to expand its investment practice in the south-west.

Delta deal secures final salary schemes; Capitalworks Investment Partners to launch sub-Saharan African property fund; European banks squeezed harder than US rivals

HS ADMIN has launched a packaged data service to help schemes reduce risks and costs.

Pension funds should embrace diversification, but not let it distract them from their key objectives or lull them into a false sense of security, say Patrick McCoy and James Morgan

CO-OP workers face an "immoral" rise in contribution costs to retain their final salary pensions, an Occupational Pensioners' Alliance executive claims.

Scrapping compulsory annuitisation could increase costs and would hit the most vulnerable pensioners hardest, London & Colonial warns.