News

UK - Two voluntary groups dedicated to raising the standard of pension schemes have announced they are to join together to maximise their impact and effectiveness.

NORWAY - The Government Pension Fund - Global only returned 4.3% in 2007, bringing its market value to NOK2019bn (US$390bn).

Heather Dale examines how fixed income has fared through recent market events and how pension funds are now using this core asset class

Marie Briere and Ariane Szafarz summarise the results of their recent study into 'crisis-robust' fixed income portfolios

GLOBAL - Institutional investors' appetite for hedge funds has increased, with pension funds favouring large, well-established outfits.

BARNETT Waddingham has bought Garvins, a Birmingham based actuarial firm, for an undisclosed sum.

SCHRODERS has reported an increase in pre-tax profit of 35pc to £392.5m driven by growth in its asset management division.

THE London Borough of Hammersmith and Fulham has gone out to tender for a dynamic asset allocation manager to run a £120m portfolio.

THE charging structure of personal accounts must be "proportionate, transparent and fair" if the scheme is to be accepted by the public, the Personal Accounts Delivery Authority says.

Premier Foods unveils £200m deficit; HSBC's American sub-prime loan write-offs hit $51m a day; US already in recession says Buffett