News

US - UPS Group and the International Brotherhood of Teamsters union have reached a tentative agreement regarding the future of the company's pension scheme.

SWEDEN - AP7's Japanese and AsiaPacific equity mandates, each worth SEK3.7bn (US$570m), have been divided up between Nomura and Société Générale.

IRELAND - The number of firms offering defined benefit (DB) pension schemes has significantly decreased from 67% to 37%, according to the Irish Association of Pension Funds (IAPF).

PENROSE Financial has released a free media guide for pension scheme trustees on how to effectively manage press relations.

NEW ZEALAND - The New Zealand Superannuation Fund has defended its holdings in French oil company, Total, because of its operations in Burma.

UK - Penrose, a public relations consultancy, has released a free tailored media guide for pension scheme trustees about effectively managing PR.

BLACKROCK has completed its purchase of the fund of hedge funds arm of Quellos Group.

Including: UK - BlackRock's new appointment; UK - Cordea Savills acquires halls; CANADA - S&P study; UK - Technology helps trustees

UK - As the consultation period on the pension protection levy draws to a close, industry commentators have highlighted the challenges still facing the Pension Protection Fund (PPF).

CANADA - The Office of the Superintendent of Financial Institutions Canada (OSFI) has urged institutional investors to learn the lessons from the credit crisis by carrying out due diligence.