News

F&C ASSET Management has appointed Allegra van Hövell to the newly created role of head of product management.

US - The newly-created National Institute on Retirement Security (NIRS) has named the organisation's board of directors and officers.

CHINA - The National Council for Social Security Fund revealed it would invest a record Y100bn (US$12.94) in 2007, including a considerable amount in domestic stock markets.

US - The US $16.3bn Indiana Public Employees' Retirement fund (PERF) has finalised a US $50m private equity commitment to Silver Lake Partners III.

UK - The Pensions Regulator (TPR) has issued the latest module of its free online e-learning programme for trustees at www.trusteetoolkit.com

A UK property company with more than £200m of retail property assets has announced its intention to list as a real estate investment trust on the London Stock Exchange.

STATE Street Global Advisors has launched a sustainable emerging markets equity fund for institutional investors.

BP shareholders rebel over bosses' pay; Grampian Country Food Group workers strike over pensions

SOUTH AFRICA - The government and Transnet have been told they could face a R8bn (US$1.1bn) legal battle over 75 million shares held in the shipping company's ailing pension scheme.

OXFORD Actuaries and Consultants has won the National eWell-Being Awards 2006-07 for Better Ways of Working.