News

PIMCO has appointed Rick Ford as a senor credit portfolio manager in a bid to strengthen its portfolio management team.

AON Consulting has hired Julie England, Emma Moseling and Nick Lewis in a bid to expand its Bristol-based benefits solutions division

THE pensions industry needs to work together to form an active system of sharing standard industry data, Legal & General Investment Management says.

ITALY - The selection process for the annuity provider for Italian pension funds has been called into question by Watson Wyatt over allegations of possible conflicts of interest.

UK - The first FTSE100 company, Lonmin, has completed a pension fund buyout with Paternoster.

EUROPE - Fortis, BNP Paribas and Dexia cited challenging market conditions to defend underperformance in Q1 2008.

Lonmin becomes first FTSE100 firm to buyout scheme liabilities; Gordon Brown delays pension reform; Aegon to launch variable annuities product; Pensions liabilities rise by £8bn

THE importance of pension administration is "vastly undervalued", The Pensions Regulator warns.

US - The California Public Employees Retirement System (CalPERS) has asked shareholders in Tech Data Corporation to back its call for an advisory vote on executive compensation.

THE NETHERLANDS - Early retirement and increased longevity has forced the Dutch central bank (DNB) to make a €500bn contribution to cover increasing future benefits payments.