News

INCLUDING: AUSTRALIA - Future Fund appointments; UK - PIMCO expands LDI business; UK - Watson Wyatt appoints new head of corporate consulting; UK - Payment breaks risk future stability

US - A proposal by the Securities and Exchange Commission (SEC) to defer the application of financial reporting rules for companies with less than US$75m in public float has met strong opposition from institutional investors.

Pension fund trustees 'could sink Royal Mail'; EPP administration burdens; Union anger over WH Smith bonus; Market falls add £40bn to pensions deficit in UK

Watson Wyatt has appointed Rashpal Bhabra as head of corporate consulting in the UK.

GLOBAL - Global Pensions has been shortlisted in the highly coveted PPA's Magazines 2008 awards for editorial and publishing excellence.

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US - Hermes Equity Ownership Services (EOS) has successfully engaged with the New York Times Company (NYTC) to change its director election policy, bringing it into line with other companies.

US - The Wyoming Retirement System has acted to protect volunteer trustees concerned the introduction of an act in 2005 could hold them personally liable for scheme losses.

UK - Providers of fiduciary management services, popular in the Netherlands, have claimed elements of the offering are already being used in the UK and some pension funds will have adopted the approach by the end of 2008.

EUROPE - European institutional investors are missing out on billions in damages by failing to participate in US securities class actions, according to a new report.