News

SOUTH AFRICA - The state pension fund manager rejected a R25bn (US$3.5bn) bid by Bain Capital for the retailer Edgars Consolidated Stores Ltd, in which it controls 3%.

THE £11.9BN BRITISH Coal Staff Superannuation Scheme is cutting its investment in index-linked equities.

Flat-rate pensions on agenda; Pension trustees cautioned over advisers; High costs led to DB schemes retreat; UK pension funds show jitters about rise in property valuation

HARGREAVES Lansdown has announced plans to list on the London Stock Exchange.

Chairman Monica Ma Partner Simmons & Simmons Ma is a partner in the pensions department of Simmon...

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.