News

The Court for the District of Massachusetts has refused to dismiss a case against three former Putnam Fiduciary Trust Company (PFTC) executives accused of defrauding a defined contribution (DC) plan client and group of mutual funds of around US$4m.

The Local Authority Pension Fund Forum (LAPFF) has launched a self assessment tool to gauge schemes' responsible investment levels.

Changes to the Pension Protection Fund (PPF) levy have received a mixed reaction from industry analysts.

The Local Authority Pension Fund Forum (LAPFF) has launched a self assessment tool to gauge schemes' responsible investment levels.

Brussels launches probe into BT's pension insurance fund guarantee; Strike to hit benefit payments; Pensions levy to be fixed for 3 years; King sets up £10bn credit crunch fund; 2000 disabled people's jobs to go as Remploy factories shut;

The Pensions Regulator may include mortality assumptions as a new "trigger" for funding plans, Hewitt Associates claims.

CANADA - Caisse de depot et placement du Québec (Caisse) has made public a potential C$500m (US$500m) write-down due to sub-prime asset backed commercial paper (ABCP).

Mercer has launched a "broader" saving scheme which gives staff the chance to divide their combined employer and employee contributions between their pension and a general savings plan.

US - The Securities and Exchange Commission (SEC) has ignored petitions from the world's largest pension funds by adopting a proposal that stops shareholders from influencing membership of company boards.

UK - The Environment Agency Pension Fund is seeking managers for a global equities portfolio worth between £50m (US$103m) and £150m.