News

NETHERLANDS - Hermes will today ask for an injunction to have preference shares issued by Dutch semiconductor equipment maker ASM International (ASMI) withdrawn.

AUSTRALIA - Almost half of Australians believe that superannuation is too complicated to understand properly, according to a report from the Australia Institute.

INCLUDING: US - Ohio retirement system appointment; EUROPE - Pioneer appoints head of consultants; EUROPE - Mirae establishes European presence; NETHERLANDS - Patrick Dunnewolt joins Mn Services

ENVIRONMENTAL, social and corporate governance issues are critical to the security and long-term viability of pension schemes, the London Pensions Fund Authority told delegates.

NORTH Yorkshire County Council has gone out to tender for overseas equity and global property mandates.

GLOBAL - Private equity investments outperformed major benchmark indices over the past 20 years, with average excess returns of at least 3%, according to new research by analysts Capital Dynamics.

Private equity returns outstrip equities; Schemes press ExxonMobil to split roles; CBI: Labour should not make business the 'fall guy' as economy weakens

UK - The Local Authority Pension Fund Forum (LAPFF) has welcomed energy company BG Group's agreement to set external targets to reduce its greenhouse gas emissions following three years of discussions.

THE ITN Pension Scheme has appointed Equiniti to administer its 1600 member pension scheme.

UK - Leicestershire County Council has decided to eliminate the bond portfolio of its £2.17bn (US$4.24bn) pension fund and change to a target return mandate instead.