News

DENMARK - Laerernes Pension has dropped PIMCO from an emerging markets debt mandate worth US$70m and instead awarded the allocation to Boston-based Wellington Management.

AUSTRALIA - Five million superannuation accounts are still lost despite efforts from the Australian Tax Office (ATO), according to new figures.

THREE in ten of the UK's largest 200 pension schemes remain in surplus despite market falls last week, latest research by Aon Consulting reveals.

UK - Norfolk County pension fund has issued a tender to run an active currency mandate for assets worth up to £100m.

CANADA - The Canada Pension Plan Investment Board has reportedly agreed to pay C$17.5m for a 10% stake in a new stock trading system that will compete with TSX Group Inc.'s Toronto Stock Exchange.

Mis-selling fears over new pensions; Resolution will alter Friends merger if blocked by Pearl; Partners to get marriage-style financial rights; ABN stops backing Barclays merger bid

THE NUMBER of pension schemes using derivatives to hedge liabilities has trebled over the last year, research shows.

WATSON WYATT has revealed its recommendations have outperformed market indices in 19 out of 20 asset classes after all transition costs and fees.

UK - A total of 30% of the 200 largest UK pension funds remain in surplus, including 40% of FTSE 100 companies despite recent market falls, claims Aon Consulting.

UK - Dorset County Council pension fund has awarded two fixed income mandates worth £280m.