News

PENSION funds should vote against Shell's remuneration report at its annual general meeting on May 15, urges the Local Authority Pension Fund Forum.

UK - Credit Suisse has launched two liability driven investment (LDI) funds to improve the funding position of defined benefit pension (DB) schemes and offer some protection of the future liabilities.

US - Mercer Human Resource Consulting has recommended Defined Contribution (DC) plan sponsors take a proactive approach to new guidance regarding greater disclosure of plan fees and expenses.

MEXICO - Private pension scheme providers' hands have been untied a little as regulator CONSAR relaxed investment limits in order to improve diversification and returns for members.

US - The California State Teachers' Retirement System (CalSTRS), has enlisted Barra Analytics to help it select and monitor external equity managers.

US - Indiana Public Employees' Retirement Fund (PERF) has boosted its local business investment credentials by reporting a $78m investment in the Indiana Investment Fund (IIF) since June 2006.

TOTAL FRS17 deficits for the 200 largest pension schemes have fallen to just £14bn, Aon Consulting reveals.

GLOBAL -The Principles for Responsible Investment (PRI) initiative had 180 institutional signatories globally, representing more than US$8trn in assets under management (AuM), in its first year.

UK - The Local Authority Pension Fund Forum (LAPFF) has urged members to vote against Royal Dutch Shell's remuneration report amid health and safety concerns.

CREDIT SUISSE and BlackRock have both launched liability-driven investment funds aimed to improve scheme funding and protect against future liabilities.