News

UK pension schemes are increasingly opting for an unconstrained approach to equities in a bid to boost performance, Hewitt Associates says.

Companies face bigger pensions risk levy; F&C turnaround 'will benefit new owner'; Sterling surges through $2 mark as rates held; YouGov to use research from polls to help investors in its new hedge fund

TRUSTEES may be in breach of their fiduciary duty if they do not take climate change into account when making investment decisions, the London Pension Fund Authority warns.

MARKS & SPENCER has agreed to pre-fund £200m of its annual contributions to its UK defined benefit pension scheme for the next three years.

In the first of two critiques, Paul Klumpes gives his response to the UK Accounting Standards Board's recent discussion paper, The Financial Reporting of Pensions

US - The New York City pension funds have filed shareholder resolutions demanding three energy companies disclose what action they are taking to reduce global warming emissions from their power plants.

AUSTRALIA - Retirees risk running out of savings unless they pay more attention to superannuation investment strategies after they retire, according to the Russell Investment Group.

HONG KONG - Merrill Lynch's China Investment Banking chairman Wilson Feng has resigned.

UK - The National Association of Pension Funds (NAPF) has launched a guide to investing in commercial property for pension funds at the its annual conference in Edinburgh.

US - The California State Teachers' Retirement System (CalSTRS) is opposing a proposed bill which it claims will restrict its investments and have a significant negative financial impact on the portfolio.