News

FIRMS must improve pension disclosures in company accounts to ensure they are not misinterpreted by investors and other stakeholders, Report Leadership urges.

GLOBAL - Russell Investment Group has responded to a shift in focus in the global investment market by taking its equity indexes global.

US - The US$225bn CalPERS accused the Shaw Group board of approving "egregious" severance packages, and has rallied the top 5000 company shareholders to back a proposal to counter excessive shareholder compensation.

Fears that an imminent European Court of Justice ruling could lead to huge rises in Pension Protection Fund levies have been played down by lawyers.

UK - The Society of Pension Consultants (SPC) has appointed James Hodge as its new chairman.

Bulk annuity buyout specialist Paternoster is calling for a standardised process to protect trustees from future legal action by members.

INVESCO Perpetual has been hired to run a £70m UK equities mandate by B&CE Benefit Schemes.

THE GOVERNMENT has published its decisions on the way transfer values are to be calculated.

CANADA - The disparate treatment between private and public pensions is "unjustifiable and unfair", the Canadian Federation of Independent Business (CFIB) claimed.

GLOBAL - Cara Williams has been named Mercer Investment Consulting‘s new global chief operating officer replacing Jim Hiner, who is retiring after 20 years with the firm.