News

US - State Street Global Advisors (SSgA) is to conduct a global search for a new chief executive following the resignation of William Hunt.

Equitable transfer deal boosts options; Adviser says hedge fund code needs to be tougher; Real estate investment trusts fall 40% in value in first year; Investors lift Alliance & Leicester amid talk of bidding war

US - The Wisconsin Education Association Council (WEAC) has added a natural resources option for members of its defined contribution scheme.

UK - Union leaders have called off strikes due to affect many of the UK's largest airports, including Heathrow and Gatwick, after concessions made by airport operator BAA over the closure of the company's defined benefit (DB) pension scheme were accepted...

STATE STREET has put aside $279m (£141m) to cover legal and other costs relating to the underperformance of some of the active fixed-income strategies at its investment management arm.

New changes to council pension plans could create a "skivers' charter", a leading local government pension fund manager claims.

PENSION scheme deficits reduced significantly in 2007, two reports published today reveal.

MORE than a third of UK workers would prefer their employer to offer an alternative to automatic pension contributions, a study by Towers Perrin has found.

The final three panel judges for the UK Pensions Awards 2008 have now been confirmed.

The Actuarial Profession's proposed new code has been slated by the Professional Oversight Board.