News

AUSTRALIA - The government has put back the date superannuation unclaimed by temporary foreign workers will be transferred to its coffers or a separate super fund.

UK - The £30bn (US$58.7bn) Universities Superannuation Scheme (USS) has announced a substantial allocation to Climate Change Capital (CCC).

JAPAN - Japan has made a reappearance on pension funds' radars, with asset managers reporting higher inflows to equity funds investing in the country.

Including: US - Yahoo! shareholders amend class action; UK - Aberdeen acquires Goodman Property Investors; US - Citi and StateStreet sell CitiStreet; ITALY - Parmalat settles with Hermes; US - CalPERS CEO sets retirement date; UK - Xafinity wins YMCA...

UK - The Strathclyde Pension Fund will be reviewing all its investment managers this year to make sure their strategies are in line with its socially responsible guidelines.

ABERDEEN Asset Management has bought Goodman Property Investors in a deal worth up to £109m.

PIMCO has launched two credit funds for institutional investors in a bid to capitalise on turmoil in bond markets.

US - Mercer has called on the Financial Accounting Standards Board (FASB) to delay the introduction of changes to pension fund reporting and disclosure requirements.

Pension funds and institutions are being urged by campaigners to divest from FTSE 100 mining company, Vedanta, as it plans to mine a tribal area of India.

MEXICO - Pension reform and a strong economy could see an annual inflow of up to US$10bn of domestic institutional money into the Mexican stock exchange, creating opportunities for global investors.