News

THE LONDON Pensions Fund Authority has gone out to tender for a specialist global real estate manager for its £2.2bn active fund.

UK - The independent regulator, Financial Reporting Council (FRC), has appointed seven new members to its review panel - including three partners from KPMG.

US - The US$32bn Pennsylvania SERS is bracing itself for a sharp spike in the number of retirements over the coming months.

GOLDMAN SACHS has reported a 28pc slide in first quarter revenues in its asset management division.

US - Kentucky governor Ernie Fletcher could be forced to call a special session to resolve mounting pension debts after the House and Senate again failed to reach an agreement on pension reform yesterday.

UK - Henderson's Arno Kitts and Linklaters' Ruth Goldman have been elected chairs of the investment and benefits councils respectively at the National Association of Pensions Funds (NAPF).

THE GOVERNMENT is set to be found guilty of failing to regulate Equitable Life properly - a move that could leave it liable to pay billions of pounds in compensation.

UK - JPMorgan has created an international index designed to benchmark and trade longevity risk.

BARNETT Waddingham has purchased of Aon small self-administered schemes (SSAS) consulting and trustee services business.

THE LOCAL Authority Pension Fund Forum has released a guide on assessing investment manager engagement with companies over labour standards in China.