News

DENMARK - Industriens Pension produced a 0.6% return over 2007, but lowered its member costs by 10%.

BNY Mellon Asset Management has launched its first global 130/30 strategy.

GOODMAN Property Investors has launched an Asia Pacific fund of funds in a bid to target pension scheme demand.

Kingfisher has set up a group self-invested personal pension to run alongside its existing pension schemes.

UK - The Nottinghamshire County Council (CC) pension fund has announced it is looking for a new actuary.

US - CalPERS may be forced to open its doors to individual retirement accounts or individual retirement annuities (IRAs) for low earners if a bill going through the California legislature is passed.

Shift out of shares finishes as credit dries up; Business attacks Merkel pension plan; Morgan Stanley's John Mack wins re-election; IMF puts cost of credit crisis at $945bn.

CAIRN Financial Products has launched a structured credit hedge fund targeted at pension scheme and other institutional investors.

LOCAL housing trust Southway has appointed Gissings Consultancy Services as pensions advisor.

UK - Over 12,000 people in 41 schemes have been rescued by the Pension Protection Fund (PPF) since its creation in 2005.