News

CAPITA Hartshead has won Investor in Customers accreditation - the first pensions administration company to be awarded the accolade.

IRELAND - Pension funds have been targeted by the Irish Venture Capital Association (IVCA) to increase their holdings in the asset class.

US - The Pension Benefit Guaranty Corporation (PBGC) has signalled its intention to assume responsibility for an underfunded pension plan covering about 1,300 employees and retirees of a bankrupt glassware company.

THE ASSOCIATION of British Insurers has welcomed government concessions on pension term assurance.

The NOK1,891bn Government Pension Fund said it would increase its equity allocation from 40% to 60% and divest from certain holdings on ethical grounds.

F&C ASSET Management has appointed Allegra van Hövell to the newly created role of head of product management.

US - The newly-created National Institute on Retirement Security (NIRS) has named the organisation's board of directors and officers.

CHINA - The National Council for Social Security Fund revealed it would invest a record Y100bn (US$12.94) in 2007, including a considerable amount in domestic stock markets.

US - The US $16.3bn Indiana Public Employees' Retirement fund (PERF) has finalised a US $50m private equity commitment to Silver Lake Partners III.

UK - The Pensions Regulator (TPR) has issued the latest module of its free online e-learning programme for trustees at www.trusteetoolkit.com