News

Tories call on Hain to explain think-tank; Private equity ‘has a year' to prove itself on disclosure; No end in sight for commodities rush; Absolute return fund struggling but surviving; Pension schemes return to surplus; Pensions "guru" launches co-op;...

US - Puerto Rico's Employees Retirement System (ERS) has issued $4.3bn in senior pension funding bonds in a bid to significantly reduce the unfunded liability of the system.

UK - RAILPEN and the Universities Superannuation Scheme (USS) have united to examine how businesses have adapted to existing climate change and the resulting implications to investors.

INCLUDING: UK - Sweeney leaves Mercer to join Hewitt; AUSTRALIA - RBC Dexia custodian for AXA's superannuation platform; UK - Asset manager turnover rises; UK - Employee benefits failing

GLOBAL - Watson Wyatt said it remained cautious about quantitative methods in a recent paper on the investment strategy.

Hain fights to save career; Goldman eyes Rock bond plan; L&G life and pension sales rise

LEGAL & GENERAL has reported an 8pc increase in UK life and pensions business to £1.16bn.

THE £355M Northern Rock Pension scheme has transferred its equity investments into bonds in a bid to reduce investment risk.

US - The US$115bn Teacher Retirement System (TRS) of Texas may be forced to divest over US$60m from companies with dealings in Sudan under laws that came into effect on New Years Day.

GLOBAL - European banks and financial institutions are leading the way on corporate governance and climate change, according to a study by the Ceres investor and environment coalition.