GLOBAL - Watson Wyatt said it remained cautious about quantitative methods in a recent paper on the investment strategy.
Hain fights to save career; Goldman eyes Rock bond plan; L&G life and pension sales rise
LEGAL & GENERAL has reported an 8pc increase in UK life and pensions business to £1.16bn.
THE £355M Northern Rock Pension scheme has transferred its equity investments into bonds in a bid to reduce investment risk.
US - The US$115bn Teacher Retirement System (TRS) of Texas may be forced to divest over US$60m from companies with dealings in Sudan under laws that came into effect on New Years Day.
GLOBAL - European banks and financial institutions are leading the way on corporate governance and climate change, according to a study by the Ceres investor and environment coalition.
Trustees have been warned to check their insurance cover as some policies may not cover all the risks they now face.
UK - The Northern Rock pension scheme has announced it has a deficit of £100m, but trustees said they would consider a buyout before letting the scheme go to the Pension Protection Fund (PPF).
US - The Alaska Permanent Fund has increased its allocation to direct property to more than US$3bn.
WORK and pensions secretary Peter Hain is facing calls to quit after failing to declare more than £100,000 of donations to his Labour deputy leadership campaign.