News

NEW ZEALAND - Falling stocks have caused Auckland Airport's directors to make a U-turn, recommending that shareholders sell into the takeover offer from the Canada Pension Plan Investment Board (CPPIB).

AUSTRALIA/NEW ZEALAND - Russell Investment Group has merged its institutional and retail businesses, as investors increasingly demand services that cross the retail/institutional divide.

SWEDEN - Poor annual returns and a falling stock market do not seem to have stopped Sweden's institutional investors from maintaining a home bias in their equity portfolios.

THE Association of British Insurers and National Association of Pension Funds have updates their joint statement on executive contracts.

UK - The Pensions Regulator (TPR) has published a consultation document on guidance relating to conflicts of interest.

GLOBAL - Incisive Media is pleased to announce the winners of the Global Pensions Awards 2008 .

INCLUDING - UK - Burke joins Hewitt; ASIA - Asia Pacific appointments; US - Feckner re-elected CalPERS president; AUSTRALIA - Future fund positive returns; CANADA - Caisse de depot results; UK - NAPF welcomes risk sharing consultation

Paternoster seeks to boost acquisition chest; Insurers voice payoffs concern

Workers at Aerospace giant Goodrich have reached an agreement with bosses after holding a one-day strike over pensions.

UK - The London boroughs of Hammersmith & Fulham and Haringey have placed their actuarial services out to tender.