News

Moves to protect pensions after buy-outs; Pension Corp deal tackles Telent concerns; Pension Corp deal tackles Telent concerns

PENSION Corporation has signed an agreement with the Pensions Regulator to allay its concerns over the governance of the Telent Pension Scheme.

UK - Hedge funds will have to comply with best practice standards to win institutional mandates over the next three years, according to a KMPG survey of the country's largest pension funds.

US - The Teachers' Retirement System of the State of Illinois (TRS) has increased its separate account real estate mandates.

THE government is set to increase powers requiring employers to provide contributions to a pension scheme if their actions could threaten the security of members' pensions.

US - The Treasury of South Carolina has blasted a statement by the state's governor about the health of the state retirement system as "misleading, irresponsible and show[ing] a lack of understanding".

UK - Local authority pension funds have warned Marks & Spencer (M&S) they do not want Sir Stuart Rose as executive chairman.

LOCAL authority pension funds have strongly criticised the decision to appoint Sir Stuart Rose as executive chairman of Marks & Spencer.

Tim Jones of the UK's PADA talks to Elizabeth Pfeuti about the challenges and debates involved in implementing a new nation-wide pension scheme by 2012

SWITZERLAND - USB has issued CHF15bn (US$14.7bn) of capital following calls from shareholders, including Swiss pension fund Profound.