News

DENMARK - Pensionskassernes Administration (PKA) has announced it has acted to divest its DKK65m (US$12m) holding in oil companies working in Burma.

BALANCED pooled funds saw median returns of -0.1pc in the third quarter of 2007, latest CAPS figures from BNY Mellon Asset Servicing reveal.

US - Alaska Permanent Fund has recoved from loses earlier in the quarter to end on positive returns of 2.7% for Q1 of the fiscal year.

Train drivers set to go on strike; Pensioners to outnumber children; Slow annuities market hits Pru UK sales; Banks' earnings downgraded

Workers switching jobs before retirement face 25% pension cut; Union chiefs ratify Royal Mail deal; Chancellor rejects calls for tax U-turn; Standard and Swiss Re face pressure over Resolution bid

NEW ZEALAND - The guardians of the state superannuation fund have decided to divest NZ$37.6m (US$28.2m) of tobacco holdings, to better comply with the fund's responsible investment framework.

EUROPE - The majority of European institutional investors believed new regulations, due next month would increase transparency and integrating capital markets, according to research from Greenwich Associates.

COSTS of providing generic financial advice should be borne equally by government and the financial services industry, the interim Thoresen Review report says.

EUROPE - The European Federation for Retirement Provision (EFRP) has appointed Angel Martinez-Aldama as chairman and Christian Böhm as second vice chairman.

THREADNEEDLE has launched the first fund in its 130/30 strategy range.