News

Top City lawyer fights pension overhaul; RBS buys into commodities; Pension plan at Bank of England raises public sector alarm; No refunds for smaller firms

SECUIRTY company G4S has switched employees from a contracted in money purchase scheme to a group personal pension.

GLOBAL - The International Corporate Governance Network (ICGN) has called for greater transparency on securities lending and has urged regulators to make clarity a requirement.

MATTIOLI Woods has acquired Pension Consulting Limited in a deal worth £1.925m.

RAILPEN Investments has published a corporate governance guide for the companies it invests with in Singapore.

US - Sacramento County Employees' Retirement System (SCERS) is set to treble its allocation to alternative investments.

NETHERLANDS - The investment director of PME and four other investment managers have joined Mn Services as part of a fiduciary mandate announced in May of this year.

CANADA - The Ontario Municipal Employees Retirement Board (OMERS) has again received an AAA rating from both Standard & Poor's and Dominion Bond Rating Services.

GLOBAL - A substantial majority of pension funds around the world would support a move away from the public projection of quarterly earnings per share in favour of longer term goals, found the results of the latest Global Pensions 100 Panel.

UK - Local authority pension funds have urged the government to adopt more rigorous targets than those set out in the draft Climate Change Bill.