News

GLOBAL - Schroders has released its first quarter results and announced a loss of £2.5bn in institutional assets under management (AUM) despite reporting a pre-tax profit of 30%.

CANADA - The Canada Post Pension Plan has reported benchmark beating returns of 14.3% on its defined benefit (DB) scheme in 2006, bringing its total assets to C$14.35bn.

THE £2BN Avon Pension Fund has appointed five fund of hedge fund managers to run 10pc of its assets.

UK - Knauf Insulation has appointed Mercer Retirement Solutions to provide a packaged pension service.

HARGREAVES Lansdown has announced the indicative offer price range and published the prospective for its impeding initial public offering.

THE FINANCIAL Services Authority has clamped down on two independent financial advisers after control failings led to 650 defined benefit scheme members being exposed to significant risk of financial loss.

STEPHEN NICHOLS takes over from Richard Stroud as chief executive of The Pensions Trust today.

HOLLAND - Rebel institutional investors have been told to wait until Thursday to decide whether ABN...

GREECE - Labour Minister Savvas Tsitouridis was asked to tender his resignation on Saturday and become the latest casualty in the Greek pension fund bond scandal.

JAPAN - Global Pensions has discovered highly progressive proposals which argue the world's biggest pension fund should be split.