News

INCLUDING - UK - HBOS keeps Watson Wyatt, JAPAN - Sales tax targeted for pension, GERMANY - Fin heads to Franklin Templeton

THE Pensions Regulator has published an analysis of recovery plan data in a bid to reveal the extent to which trustees and employers have embraced the scheme funding regime.

BALANCED pooled funds saw median returns of -0.3pc in August, BNY Mellon Asset Servicing's latest CAPS figures reveal.

US - Pension funds are amongst those involved in the President's Working Group (PWG) debate on developing best practice guidelines for hedge funds.

US - Washington State Investment Board (WSIB) has dropped State Street Corporation in favour of JPMorgan as custodian and securities services provider for US$82bn in 16 retirement and 21 other public funds.

GEC's pension trustees at odds with Truell over £400m takeover; Pension schemes still have much further to travel; Delta Two in pension talks; Pensioners strip to expose ‘Labour spin'

TELENT, the rump of the former GEC conglomerate that became Marconi, has agreed to a £400m takeover by a subsidiary of Guernsey-based Pension Corporation.

NETHERLANDS/US - ABP and State Street Global Advisors (SSgA) have acquired a minority interest in Sectoral Asset Management through their strategic venturing partnership, State Street Global Alliance.

NORWAY - Norges Bank Investment Management (NBIM) which manages the US$328bn Government Pension Fund - Global has appointed a new head of corporate governance.

UK - The Pensions Regulator has issued its first analysis of recovery plan data received under the Pensions Act. The data was supplied by schemes in deficit and covers their plans to return to surplus.