News

PENSIONS Policy Institute chairman Tom Ross is to step down after six years in the role.

STAFF at helicopter manufacturer Agusta Westland held a one-day strike yesterday after talks over pension changes failed to reach an agreement.

FRANCE - The €31.8bn Fonds de Réserve pour les Retraites (FRR) has renewed State Street Global Advisors' (SSgA) currency mandate.

GLOBAL - The impact of sovereign pension funds (SPFs) on global financial markets has been debated, with pension commentators acknowledging there is a lack of knowledge about the subject.

INCLUDING: UK - Charlemagne marches into institutional space; UK - Credit Suisse appointment; SWITZERLAND - Partners Group opens Tokyo office; UK - Pension confidence crisis; NETHERLANDS - PGGM appoints chairman

CHINA - Fortis Investments has launched a new fund providing access to the Chinese market for institutional investors.

UK / NETHERLANDS - The TNO Pension Fund Foundation has appointed Blackrock to run a €2bn fiduciary mandate.

AUSTRALIA - The Labor party has criticised prime minister John Howard's government over increased taxes on some military pensions.

PRE-TAX profits at pensions consultant Mattioli Woods soared 45.2pc for the year ending May 31.

INCLUDING: UK - Rank buy out denial; MEXICO - Teachers protest; JAPAN - Y113m taken from public funds