News

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.

SHELL UK is to take a contribution holiday from its defined benefit pension fund after an actuarial valuation found the scheme to be heavily in surplus.

WATSON Wyatt is planning to change all future pension accrual for existing members of its defined benefit scheme from a final salary to career average basis.

US - Dimensional Fund Advisors has revealed plans to launch two retirement share classes (R share classes) for use in defined contribution (DC) plans.

Shell UK takes pension contribution holiday; More pensioners go bankrupt; Trichet and Greenspan say global economy will take time to recover; UBS and Citi write off billions on credit crisis