News

PROPOSED changes to section 75 buyout debts will have a "catastrophic" effect on firms that want to leave a multi-employer scheme, experts warn.

Tube strike will cause massive disruption, says union; Sub-prime crisis will drag America into recession, says boss of largest US lender; Barclays' CDO chief in Europe quits as sub-prime crisis hits funds; Turmoil throws investing strategies awry

US - Maryland State Retirement and Pension System, has awarded a core fixed-income mandate to Aberdeen Asset Management and Pyramis Global Advisors.

ROWANMOOR Pensions has retained the contract to provide outsourced administration for Standard Life's small self-administered scheme portfolio.

JAPAN - Nobu Shimizu, the former director-general of the investment management department at the Y110trn Japanese Government Pension Investment Fund (GPIF), has left the organisation and moved to an independent administrative corporation.

A TRUSTEE board has been found guilty of maladministration for failing to address conflicting evidence concerning the distribution of a death benefit.

INCLUDING - UK - Henderson profits up, AuM down; IRELAND - Pensions Board appointment; ASIA-PACIFIC - Barings confident on Asia Pacific

US - The State-Boston Retirement System has filed a lawsuit against US pharmaceutical firm Ventana Medical Systems after it rejected a takeover bid by Swiss firm, Roche Holdings.

GLOBAL - A new report has said pension funds remain hesitant about investing in alternatives.

GREECE - JPMorgan and North Asset Management have reached an agreement with all parties affected by a structured bond debacle involving four Greek government pension funds.