News

US - The California State Teachers' Retirement System (CalSTRS) has awarded a $200m private equity mandate to Invesco Private Capital.

UK - Watson Wyatt has poached former staffer Keith Jecks from ABN AMRO, where he spent four years as global head of pensions advisory.

PROPOSALS from The Pensions Regulator and the Accounting Standards Board could speed up the demise of UK defined benefit schemes, the Occupational Pensions Trusts warns.

SHORT-TERM volatility will not have a significant impact on workplace pensions, the National Association of Pension Funds says.

INDEPENDENT Trustee Services has appointed Peter Askins and Mike Edis as directors.

US - The California Public Employees' Retirement System (CalPERS) has joined with other municipal bond issuers to urge rating agencies to reform their methods for rating government-issued bonds.

Equities blow to pension deficits; ABI turns up pressure on M&S over £450,000 payoff for chairman Lord Burns; Stocks tumble across the globe

UK - The Morgan Crucible UK pension scheme has transfered the pensioner risks of both its main and senior schemes to Lucida, in a buyout deal worth £160m (US$323m).

AUSTRALIA - CitiStreet has criticised the 'Choice of Fund' regime, claiming administration costs are set to triple by 2012.

UK - Changes to the employer debt regime will provide further challenges to a pensions industry already overburdened by regulation, experts have warned.