Global Pensions | 15 Jul 2010
GLOBAL - J.P.Morgan Asset Management has launched an alternatives portfolio in a bid to help small to medium sized schemes access asset classes including hedge funds, infrastructure and private equity.
GLOBAL - Aon Hewitt will deliver cost savings of $355m (£235m) a year through cuts in both back and front office operations, Aon Corporation has said.
UK - Pensions minister Steve Webb has made a written statement to parliament clarifying the government’s proposals to index private sector pension increases to CPI rather than RPI.
UK/EUROPE/US - Risk Management Solutions has launched a medical-based approach to quantifying longevity risk that takes account of changing mortality phases.
The merger between Aon Consulting and Hewitt Associates marks yet another step in industry consolidation.
GLOBAL - Scheme allocations to alternative assets have increased almost three-fold over the past 10 years, Towers Watson research has revealed.
UK - Xafinity has bought PricewaterhouseCoopers’ scheme actuary, pensions administration and investment consulting business for an undisclosed sum.
In an interview with GP's sister title Professional Pensions, Daily Mail & General Trust pensions director Geoffrey Staines talks to Jonathan Stapleton about communications, risk management and in-scheme resource.
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Scheme interest in risk transfer exercises increased over the second quarter, Pension Insurance Corporation says.
UK - One of British Airways’ two pension schemes has insured £1.3bn (US$1.9bn) of pensioner liabilities in a buy-in deal with Rothesay Life.
UK/GLOBAL - Schemes must increase their skills in sustainability governance and publicly disclose how their responsible investment strategies are implemented, a UKSIF report urges.
Buyout vehicle Resolution has bought Axa Life for £2.75bn in a deal part-funded by a rights issue of approximately £2.05bn.
UK/GLOBAL - BP directors will face “testing questions” from schemes in the wake of the firm’s decision to suspend dividends for the remainder of the year, the National Association of Pension Funds said.
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