News

US - The $110bn Teacher Retirement System of Texas (TRS) has launched a new investment program which will see it award $1bn to four US asset managers.

US - Large pension funds lead the way in reacting to market and accounting changes, according to research from Greenwich Associates.

STANDARD LIFE has appointed Xafinity Claybrook as pension administration system provider for its career average pension scheme.

UK - Industry players are divided over the Pensions Regulator (TPR) being given powers to control company activity and protect pension scheme members.

ITALY - Threadneedle has opened an office in Milan, headed by ex-UBS staffer, Alessandro Aspesi.

US - The Employees Retirement System of the State of Hawaii has appointed Northern Trust as global custodian.

PREMIER Pensions Services is to merge the administration functions of its small self administered schemes and self invested personal pension plans.

EUROPE - Defined contribution (DC) pension scheme providers said the key concerns for plan providers were effective communication with members (59%) and ensure understanding (57%), according to a survey by Mercer.

UK - Pension Corporation has agreed to relinquish any position on the telent trustee board and influence on fund investment in a deal with the Pensions Regulator (TPR).

US - Four New York City pension funds have committed to investing an unprecedented $150m in Northern Ireland via the Emerald Infrastructure Development Fund.