News

ITALY - Italian pension reform has generated controversy after it was revealed the European Commission could challenge it over the retirement age for women.

THE LONDON Borough of Ealing pension scheme has appointed brokerage and investment technology firm BNY Global Transition Management as transition manager for assets totalling £550m.

THE lifeboat fund amendment attached to the Pensions Bill to rescue scheme wind-up victims has been scuppered by the government

US - Fidelity Investments was one of three managers dropped by the Chicago Public School Teachers' Pension and Retirement Fund as the portfolio moved towards a heavier index weighting.

Co-operative Financial Services has announced its intention to shed 1000 jobs.

SCOTTISH Widows chief executive Archie Kane has been appointed as the new chairman of the Association of British Insurers.

Including: Italy - Retirement reform agreed on, US - New target maturity funds launched, Germany - Heissmann acquisition completed, UK - LAPFF encourages engagement, Chile - IMF lends support to reform, Netherlands - PGGM's cover ratio rises by 19% to...

GLOBAL - Emerging markets and particularly Chinese portfolios fuelled hedge fund performance in the second quarter of 2007, according to new Morningstar data.

NETHERLANDS - ABP's chief investment officer Tom Steenkamp has signalled the pension giant may reduce the stake of oil assets in its commodities portfolio.

THE Environment Agency has added Royal London Asset Management to its stable of specialist fund managers responsible for the watchdog's £1.5bn pension fund.