News

John Lewis to let staff join pension after three years; L&G hints at legal action over Rock; Schroders fears further volatility; Lord Browne earned £3m before resignation

IRELAND - The National Pension Reserve Fund (NPRF) is in talks with the government about divesting from certain munitions manufacturing companies.

UK - The Universities Superannuation Scheme (USS) Ltd has bought the Eden Walk Shopping Centre in Kingston-upon-Thames for £80m (US$158m).

EUROPE - Morgan Stanley Investment Management (MSIM) has appointed Joseph McDonnell as head of global portfolio solutions (GPS) for Europe, Middle East and Africa (EMEA).

US - The California Public Employees' Retirement System (CalPERS) has allocated a further $300m for emerging managers who have less than US$2bn in total firm assets.

Following its seventh bi-annual evaluation of investment research, Jenny Blinch talks to Peter Scales and Ivo Knoepfel of the Enhanced Analytics Initiative (EAI)

UK - Personal account charging structures should be simple, transparent and fair, according to research published by the Personal Accounts Delivery Authority (PADA).

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