News

US - California State Teachers' Retirement System (CalSTRS) trustees have called on 13 of the international energy companies which the fund invests in to take immediate steps to assess the risks to their business operations in Iran.

Small firms seek subsidies for pension schemes; Drastic surgery call for public pensions; Pension blow for low-wage savers; Pensions slow to employ LDI

NETHERLANDS - The director of asset management at Dutch pension giant ABP has rejected using nominal liability driven investments (LDI) for the fund's new strategic investment plan.

UK - Stephen Haddrill, director general of the Association of British Insurers (ABI), has urged the Government to resist turning to taxpayers to bail out consumers when planned personal accounts are introduced in 2012.

JAPAN - DIAM, the largest Japanese pension fund manager, has scooped a European equities mandate from a Middle-Eastern client for approximately US$250m, and a €42m European equities deal from a German pension fund.

EUROPE - Mercer Human Resource Consulting has revealed it is developing a directly packaged longevity solution which should be available by early 2008.

AUSTRALIA - Ethical and socially responsible investing (SRI) has become the fastest-growing sector in the Australian managed investment market, according to a Watson Wyatt report.

IRELAND - Vanguard has claimed its Irish-based pension pooling fund is the largest Common Contractual Fund (CCF) in the market.

US - Amaranth filed a motion yesterday which could see a fraud claim by San Diego County Employees Retirement Association (SDCERA) thrown out of court.

GREECE - JPMorgan has issued pension fund investors with a 5pm deadline today to consider a proposal to repurchase €280m of structured bonds.