News

UK - Pension Corporation's take over of Marconi remnant telent continued to falter as the Takeover Panel granted a further extension to the buyout company's consultation period and the option of leaving the deal completely.

UK - Royal Mail Group has blamed its disappointing profits for the 2006-07 year on a £193m (US$401m) rise in pension fund costs.

GLOBAL - A tool to facilitate pension funds' Markets in Financial Instruments Directive (MiFID) compliance has been launched today by BidRoute.

UK - Liverpool City Council has voted unanimously in favour of pulling its pension fund out of arms investments - the first time a UK council has passed such a resolution.

US - Stringent regulations forcing companies to disclose the financial, economic and material risks of climate change are urgently needed, according to the Californian Public Employees' Retirement System (CalPERS).

THE £1.5BN BAA Pension Scheme has appointed fund manager State Street Global Advisors to manage a £330m global equity 130/30 mandate.

UK - Members of the National Association of Pension Funds (NAPF) will discuss the T-Charter at the next Investment Council meeting.

UK - Half of the top 200 pension funds are in surplus to the combined tune of £3bn (US$6.2bn), according to figures released by Aon Consulting.

THE Takeover Panel has given Pension Corporation the right to withdraw its £400m offer for Telent.

As recognition of "third way" retirement income solutions continues to build, it is clear a polit...