News

NESTLÉ has selected Xafinity Claybrook's Compendia pensions software for the administration of its UK and Irish pension schemes.

Around one in five people experience high levels of stress at work, new research has found.

CONNAUGHT Asset Manage-ment has launched two funds focusing on strategic land investment.

The real estate investment trust market will develop more quickly in the UK than it has in other parts of the world, investment managers believe.

AUSTRALIA - Thomas Murray, the specialist custodial rating, advisory and monitoring consultancy, is to open an office in Melbourne "as soon as possible", according to the company's COO.

UK - A further six pension schemes, including the 6,000 member MG Rover scheme, have transferred to the Pension Protection Fund (PPF), bringing the total number of schemes to come under the PPF's wing to nine.

VISION Investment Management is to launch a listed vehicle allowing pension schemes to invest in a portfolio of Asian hedge funds and funds of hedge funds.

DENMARK - The Danish pension system is vulnerable to low interest rates, low equity and property prices and needs to be closely monitored, according to an IMF report released yesterday.

STROUD & Swindon Building Society has appointed HSBC Actuaries and Consultants to provide services to the trustees of its defined benefit pension scheme.

UK - Neither the trustees of Sainsbury's two pension schemes nor the Pensions Regulator would have the "power" to force a private equity bidder to pay the £3bn needed to plug the supermarket giant's pension deficit, claimed an independent consultant....