News

US - Many hedge funds have been able to generate profits as a result of the decline in the sub-prime mortgages space, according to Hennessee Group LLC, an adviser to hedge fund investors.

London Underground workers have called off strike action after unions claimed a "significant victory" in a dispute over ill-health pensions.

PENSION deficit volatility will continue despite an improving trend in funding levels, Mercer Human Resource Consulting says.

UNION negotiators have warned of industrial action unless staff transferred in the sale of BBC Resources retain final salary pension provision. The warning followed complex discussions on terms and conditions for the 1000 staff.

UK - Northamptonshire County Council pension fund has allocated £200m to overseas equity.

Conservative pensions spokesman Nigel Waterson is backing trustee champion Brian Holden's calls to set up a special taskforce to tackle key trusteeship issues.

Merger talks ditched

SPC criticises draft

Asset manager Meteor has unveiled a new five-year plan which, it says, enables schemes to create a simple core portfolio.

Pensions specialist L&C Pensions has become the first provider to get the go ahead to run the new diploma in member-directed pension scheme administration.