News

PHILIPPINES - The Government Service Insurance System (GSIS) has awarded mandates for its $1bn Global Investment Program (GIP) to ING Investment Management and Credit Agricole Asset Management.

THE NATIONAL Association of Pension Funds has published its review of the Myners Principles and a series of recommendations to improve scheme compliance.

CHAIRMAN: MARK SMITH

STAFF at Midland Mainline held their sixth day of strike action over a pensionable pay dispute.

UK - The National Association of Pension Funds (NAPF) has called on the industry to replace the current ten Myners Principles with six high level principles.

Falls in the US dollar and Japanese yen have wiped £5.7bn off scheme assets this year, Professional Pensions can reveal.

GLOBAL - UBS is understood to be reviewing the role of its director of transition management, Jody Windmiller, as part of a general restructure.

UK - Jessop Fund Managers (JFM) has awarded two mandates to BNY Mellon Asset Servicing (BNY MAS) to provide fund accounting, transfer and administrative services for the Jessop Personal Pensions Unit Trust (PPUT).

FRANCE - Société Générale has posted its third quarter results, showing sub-prime related losses and poor performance as a result of the turbulent summer in the asset management division, but an over all increase in assets under management.

UK - The differences in pension benefits among senior employees are being overlooked by HR directors, according to a report from Watson Wyatt.