News

The National Pension Reserve Fund of Ireland (NPRF) has redesigned its RFP documentation to encourage participation from boutiques and simplify the selection process.

The Ontario Teachers' Pension Plan (OTPP) faces legal action from spurned bidder Catalyst Asset Management after the takeover of Bell Canada Enterprises (BCE) by the consortium led by the Canadian pension plan was approved.

The California Public Employees' Retirement System (CalPERS) has vowed to 'aggressively deploy its capacity' to alleviate current market disruption brought about by the collapse of the auction rate market.

THE Pension Protection Fund has revised the maximum levels of compensation available to its members.

CANADA - Class action shareholder litigation against Biovail Corporation, brought by the Canadian Commercial Workers Industry Plan, has been settled.

The Personal Accounts Delivery Authority should not be forced to adhere to UN principles for responsible investment, the Investment Management Association says.

UK - A strike at the Grangemouth oil refinery in Scotland is set to go ahead after discussions between petrochemical company INEOS and trade union Unite broke down yesterday.

No amount of sugar coating or spin by ministers can disguise the fact that local authorities have been let down badly over pension scheme changes.

US - Russell Read has unexpectedly quit as CIO of CalPERS, the largest US pension fund.

US - The California State Teachers' Retirement System (CalSTRS) has appointed Michael McCauley to guide its corporate governance program to a higher level of activism.