News

US - The US$15.5bn San Francisco Employees' Retirement System (SFERS) has tendered for an investment consultant as the contract with its existing consultant draws to a close.

A TRUSTEE showed "wanton disregard" for his office by failing to respond to requests for information, the pensions ombudsman has ruled.

PENSIONS provider Winterthur Life has accused the government of killing consumer confidence by sticking with out of date policies.

ING REAL Estate Select has completed a deal with Merrill Lynch to offer schemes derivatives to gain exposure to the central London office market.

UK - The deficit in the FTSE100 pension schemes dropped by £11bn in two months - between October 2006 and December, however the companies are still taking an inefficient approach to scheme funding.

Enquiries to the pensions ombudsman fell by a third in 2006. It would be nice to think this was becau...

CANADA - Most private sector pension fund trustees could face negligence charges after a survey revealed they were giving complete discretion for their proxy votes to their investment managers.

A scheme wind-up victim and his wife have been found dead at their Merseyside home.

BA strike ballot

INTEREST rates will be cut by up to 0.5pc before the end of the year, Scottish Widows Investment Partnership warns schemes.