News

UK - The House of Commons has appointed pensions services company rpmi to provide third party administration services to the trustees of the Parliamentary Contributory Pension Fund (PCPF).

SELF-INVESTED personal pension provider James Hay has been awarded a five star rating by Defaqto for two of its SIPP products.

UK -The £1.5bn (US$2.9bn) Durham County Council pension fund has today announced a radical shake-up of its asset allocations, with six new mandates going live across a range of asset classes, designed to increase returns and reduce contribution rates....

US - The US$174bn California State Teachers' Retirement System (CalSTRS) has selected four investment managers to oversee the construction of a fund of funds for the scheme's $1.8bn US Equities Developing Manager Program.

AUSTRALIA - The world's leading institutional investors, including six pension funds, have been used as a model to develop best practices for all funds.

While volatile trading conditions have generated money-making opportunities for pension funds in securities lending programmes, Rachel Alembakis discovers the cash reinvestment component of these programmes could be putting funds at risk

As the Netherland's biggest pension fund looks to follow PGGM in splitting its administration and asset management from its pension fund, Keren Holland talks to ABP director Olaf Sleijpen

DENMARK - Finanssektorens Pensionskasse (FSP) has doubled its allocation to high yield debt from 4% to 8% of scheme assets.

US - The State of Michigan is suing manufacturer Tyco International, its auditors and four former executives for over US$50m in losses to state pension funds.

GLOBAL - The United Nations Foundation and Ceres are to host hundreds of global institutional investors this week in a discussion aimed at moving forward the climate risk agenda.