News

AUSTRALIA / UK - Institutional fund manager, QIC, has invested in the Henderson Global Investors' Global Equity Multi-Strategy fund.

UK - A quarter of the UK's larger companies do not provide proper reports to shareholders on audit practices, according to the Local Authority Pension Fund Forum (LAPFF).

POST office workers have called off strikes over pensions and pay after Royal Mail colleagues also agreed to suspend industrial action.

US - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the pensions of more than 1,400 workers and retirees of Scovill Fasteners Inc, a button and zipper maker.

INCLUDING: EUROPE - Mercer appoints leaders; CANADA - Ontario Teachers' Pension Plan acquires Chilean company; FRANCE - Fortis Investments' second quarter results; AUSTRALIA - Russell boosts institutional sales team; US - CalPERS develops pension technology...

ANNUITIES are becoming less acceptable to consumers while demand for income drawdown continues to grow, according to research from Skandia.

UK - Surplus levels of pension funds have dropped by £48bn, according to the latest figures released from the Pension Protection Fund's (PPF) 7800 Index.

SCHEMES saw surpluses fall by over £48bn during July, latest figures from the Pension Protection Fund reveal.

A QUARTER of the UK's biggest firms fail to provide proper reports to shareholders on audit practices, the Local Authority Pension Fund Forum claims.

US - The Teachers' Retirement System of the State of Illinois (TRS) has revamped its investment strategy resulting in contract awards and managerial searches.