News

UK - Xafinity Consulting has been appointed by Burger King to improve pension scheme services for its members.

US - Five companies have been urged to adopt a majority vote standard in director elections, in a shareholder proposal from the New York City pension funds.

THE National Association of Pension Funds has launched an investment competition in a bid to identify and share best practice.

US - The New York State Common Retirement Fund has invested US$22m in a $425m private equity investment, to purchase a medical supplies manufacturer.

AUSTRALIA - Aberdeen Asset Management has named Bill Bovingdon as chief executive of its Australian business.

FIDELITY International has reported a record year for UK defined contribution business wins.

THE Universities Superannuation Scheme has bought the freehold interest in the Eden Walk shopping centre in Kingston upon Thames.

DENMARK - The DK445bn (US$90.7bn) ATP fund has signed up to the Carbon Disclosure Project (CDP).

UK - JPMorgan has been appointed as sole global custodian to the £2.2bn (US$4.3bn) Devon County Council Pension Fund.

AUSTRALIA - The government has paid over A$1bn (US$0.9bn) in superannuation co-contributions this financial year, according to minister for superannuation and corporate law Senator Nick Sherry.