News

Including: JAPAN/SINGAPORE - Daiwa examines shariah ETF; UK - Myners' fourth report on shareholder voting; UK -Threadneedle plans UK 130/30 launch

DEFINED benefit scheme managers should switch to an online reporting service in a bid to cut paperwork and help the environment, Fidelity urges.

NEARLY 5pc of scheme votes at company meetings are being lost due to a "inherent weaknesses" in voting processes, SVWG chairman Paul Myners warns.

UK - The London Borough of Haringey pension fund has appointed two specialist active currency mandates worth £3.4m.

FRANCE - The €31.3bn Fonds de réserve pour les retraites (FRR) has awarded five passive management mandates worth €500m to a group asset managers. The mandates have been awarded for a period of three years, and may be extended to four years.

UK - A parliamentary probe into the impact of the private equity industry has stressed the importance of ensuring company pension fund commitments should be securely funded when major changes are made.

A PARLIAMENTARY report on the private equity industry has called for an investigation into whether the tax system creates undue risk for pension funds.

Rout hits pension surplus; Buyout debt threatening economy; Osmond to meet Resolution rivals; Overseas investors look to UK funds

US - Texas Permanent School Fund has reportedly revealed plans to add up to US$2.6bn in absolute return funds of funds.

THE UK money market has overtaken UK equity income as the most popular sector for institutional funds, latest statistics from the Investment Management Association reveal.