News

UK - The UNISON Staff Pension Scheme has awarded Standard Life Investments a £140m (US$280.5m) UK and overseas active equity mandate.

Pensions reform minister Mike O'Brien has reiterated that personal accounts will work for the "large majority" of savers in the target group.

GLOBAL - Confidence in investments took a battering this month as institutional investors preferred to hold rather than sell investments, reflecting a pessimistic outlook on the health of the global economy and market fundamentals.

US - Employees of Morgan Stanley have filed a class action against the firm, claiming it breached its fiduciary responsibilities as plan sponsor of the 401(k) plan.

Trinity Mirror has agreed to make one-off payments worth £108m into its defined benefit pension schemes.

INCLUDING: US - Principal acquires Retirement Consulting Actuaries; AUSTRALIA - Future Fund appoints investment director; UK - AXA appoints head of fixed income; AUSTRALIA - Credit Suisse trust closes

The Unison pension fund has awarded Standard Life Investments a £140m active equity mandate.

Company pension deficits shrink; Trinity Mirror launches £175m buy-back; King set for second term at Bank as Brown puts stability first; Taxpayers' backing for Rock hits £50bn; Tax Dept. loses 6,500 pension records

US - The vast majority of large corporate pension plans are financially healthy, according to a survey by the Committee on Investment of Employee Benefit Assets (CIEBA).

UK - The Pensions Policy Institute (PPI) has released its latest projections of future eligibility for means tested benefits, showing some considerable changes from last year.