News

US/CANADA - North American institutional investors are routinely using equity derivatives as a method of obtaining desired exposures and hedging positions, according to Greenwich Associates.

UK - Unite, the union representing telent workers, has vowed to keep up pressure on Pension Corporation until it provides assurances on the future of the company's UK pension scheme.

UK - An academic study into social pensions in the developing world has been launched to find out how these schemes have helped to alleviate family poverty.

UK - Providers must urgently update their projection models before pensions' deficits reach catastrophic proportions, a leading academic has claimed.

UK - Schroders has told investors they may have to wait to get redemption from real estate investments because of liquidity issues.

AXA Investment Managers has reshaped its institutional business team following a strategic review.

INCLUDING: AUSTRALIA - Pioneer appoints sales and distribution head; US - State Street launches private equity index; NETHERLANDS - F&C strengthens local distribution

UK - AXA Investment Managers has announced a restructure of its institutional business and the appointment of Fidelity International's Simon Cartwright as head of global consultant relationships.

UK - The Occupational Pensions Trusts (OPT) has added two industry heavyweights to its independent trustee board.

Trustees of the Southern Electric Group of the Electricity Supply Pension Scheme have appointed Cardano to provide investment advice.