News

New York City's pension funds are urging five firms to adopt a majority vote standard in director elections in a bid to give shareholders "the voice they need".

TREASURY style money market funds are gaining in popularity with pension schemes and other investors despite the affects of the credit crunch, Fidelity International says.

UK - London Pensions Fund Authority (LPFA) has appointed JPMorgan to provide portfolio administration and performance reporting for its alternative investment portfolio.

Gissings has been appointed by City West Housing Trust and Havebury Housing Partnership to advise on scheme issues.

US - The Chicago Board of Education has claimed the state is acting unconstitutionally in contributing more into the statewide Teachers' Retirement System, compared to the Chicago teachers pension fund.

GLOBAL - An overwhelming majority (71%) of the Global Pensions 100 Panel believes pension fund finance should be viewed from a risk management perspective.

Yahoo has implemented an online benefits system for their group personal pension schemes.

The multi-employer Scottish Federation of Housing Associations Pension Scheme has unveiled a raft of changes to protect its defined benefit arrangements.

Scheme wind-up victims will be hit with "penal taxes" on their Financial Assistance Scheme compensation, the Pensions Action Group claims.

Legal & General has updated its corporate pension website in a bid to improve fund information for administrators and members.