News

THE PENSIONS Regulator has gone out to consultation on guidance to further clarify how it will use its powers in respect to corporate events, such as mergers and acquisitions.

Credit crisis continues to bite; SRI shifts to fixed income; Private equity unit's divorce from the Pru delayed by talks; Delta Two can raise cash component of Sainsbury bid

FIRMS could be forced to provide pensions and other benefits to temporary staff if European legislation is implemented, the Confederation of British Industry warns.

US - The 0.9% decline in the average pension scheme's funding status over August was mainly down to falling treasury bond yields, according to BNY Mellon Pension Liability Indexes.

THE LOTHIAN Pension Fund is searching for an investment manger to run a £380m property mandate.

UK - Universities Superannuation Scheme (USS), the UK's second largest pension fund, has highlighted its commitment to alternative assets by hiring Fraser Booth and Geoffrey Geiger.

GLOBAL - Investment consultants have questioned whether the majority of pension funds will implement 130 / 30 strategies, despite a new study claiming the philosophy is not a passing fad.

BRAZIL - A Brazilian investment firm claims to have recruited a US$40bn pension plan and a £25.9bn ($52bn) British scheme in its bid to create a Brazil-oriented fund containing of some of the world's 300 largest pension funds.

CONSULTANTS Watson Wyatt has developed a check list for companies who are considering making changes to their scheme.

GERMANY - German asset manager Union Investment has teamed up with R+ V Insurance to offer a new funds-linked pension portfolio for self-employed people and government workers.