News

CANADA/AUSTRALIA - The Canada Pension Plan Investment Board (CPPIB) is plotting to buy a significant stake in Auckland International Airport Limited (AIAL).

KKR close to deal on Boots pensions; Pensions warning to ICI bidder; Funds pile into passive strategies; Pensions overtake wealthy on hedge funds

MEXICO - Laws intended to reign in the defined contribution (DC) pension system and the transfer market were brought in by the government on Friday.

CANADA - The Royal Canadian Mounted Police (RCMP) has been found guilty of a fundamental breach of trust towards its pension scheme members.

THE TRADES Union Congress has launched a searchable database to allow trustees to find out how fund managers voted at company annual general meetings.

UK - The TUC's online tool letting pension fund managers keep tags on asset managers' votes at AGMs may be largely unnecessary for some larger funds.

TRANSITIONAL protections for members of the Local Government Pension Scheme moving to a new scheme could be extended in a move costing £25m a year.

UK /NETHERLANDS - Pensions trustees have thwarted a takeover bid for chemical company ICI by Dutch conglomerate Akzo Nobel.

ESTABLISHING personal accounts as a trust-based occupational pension scheme will put the needs of members first, the National Association of Pension Funds has said.

UK - BP Pension Fund head of investment, Colin Maltby has retired leaving the £13bn (US$26.5bn) fund in surplus of an estimated £2bn (US$3.9bn).