News

CONFLICTS of interest on trustee boards could rise as directors look to cut funding levels in the wake of the global downturn, Trustee GAAPS claims.

UK - Active managers' poor performance has led the London Borough of Hillingdon to dramatically restructure its pension fund portfolio in favour of a passive approach.

JAPAN - Plans to siphon off Y10trn (US$90bn) from the world's largest pension fund, Japan's Government Pension Investment Fund (GPIF), to form a sovereign wealth fund (SWF) have been put forward this week by a working party from within the country's ruling...

Quantitative managers have admitted they are likely to become less transparent, following lessons learnt from the credit crisis.

THE BBC has been criticised for pocketing £184m of its defined benefit pension schemes' surplus.

ABP has warned companies hit by the credit crunch they must not neglect corporate and environmental, social and governance (ESG) factors or they risk poor performance and scrutiny from investors.

Pension funds' allocation to European private equity funds dropped by more than 50% year on year in 2007, data by the European Private Equity and Venture Capital Association (EVCA) has shown.

US - A small city on the Californian coast could be the first to pull out of the California Public Employees' Retirement System (CalPERS), citing its inability to pay increased contribution costs.

FRANCE - The €35bn (US$54.7bn) Fonds de reserve pour le retraite (FRR, France's reserve retirement fund) has placed four mandates out to tender.

The Australian superannuation model has received an upbeat assessment from a former director of the Reserve Bank of Australia (RBA).