News

US - The California State Teachers' Retirement System (CalSTRS) has appointed specialist Pension Consulting Alliance to advise on the shake up of its allocation to alternative investments.

THE INVESTMENT Management Association and the Securities and Investment Institute have teamed up to offer an improved entry-level investment management qualification.

FIRST quarter sales of self-invested personal pensions at Standard Life rose 117pc in 2007 to £1.2bn, latest company figures reveal.

THE PUBLIC sector pensions deficit is set to increase by £29bn this year, according to the latest government figures.

Pressure grows on Prudential; Balls urges funds shake up; Risks ‘greater than before LTCM fall'; Treasury offers electronic saving to fund managers

HYMANS Robertson head of actuarial practice Clive Fortes has been promoted to head of corporate consulting.

SOUTH KOREA - Goldman Sachs Asset Management (GSAM) has agreed to acquire 100% of Macquarie-IMM Investment Management (Macquarie-IMM), a Korean asset management firm.

EUROPE - The European Commission (EC) has opened infringement proceedings against nine EU member states for their alleged discriminatory taxation of dividend and interest payments to foreign EU pension funds.

ALLENBRIDGE has bought 51pc of EPIC Investment Advisers from Syndicate Asset Management.

THE PENSIONS Regulator has unveiled its corporate plan - outlining its key priorities for the next three years.