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Insolvency rate slowing for U.K. companies with pension funds — report
trueThe insolvency rate of sponsoring employers with defined benefit plans that are eligible for inclusion in the U.K. Pension Protection Fund fell sharply over the nine months ended March 31.
London Borough of Camden signs Harris for unconstrained global equity
trueLondon Borough of Camden Pension Fund hired Harris Associates to run an unconstrained global equity allocation.
Essex County Council taps Alcentra for illiquid debt strategy
trueEssex County Council Pension Fund, Chelmsford, England, hired Alcentra to manage a long-only, multi-illiquid debt portfolio.
Sanditon Asset Management hires former Schroders portfolio manager
trueJulie Dean will join Sanditon Asset Management as a fund manager.
U.K.'s Pensions Regulator levies first fines over auto-enrollment compliance
trueThe Pensions Regulator, the U.K.'s pension watchdog, issued its first fines to employers for not meeting their automatic enrollment duties and issued 163 compliance notices.
Aviva adds fund manager for emerging markets, Asia-Pacific equities
trueXiaoyu Liu joined Aviva Investors as a fund manager, emerging markets and Asia-Pacific equities.
Berkshire Pension Fund hires RWC for equity income strategy
trueRoyal County of Berkshire Pension Fund hired RWC Partners to manage a £100 million ($161.7 million) equity income allocation.
PPF to assess Monarch Airlines for DB takeover
trueMonarch Airlines Retirement Benefits Plan Ltd. is expected to enter an assessment for entry into the Pension Protection Fund within a matter of weeks.
Clock ticking for managers in changing U.K. defined contribution market
trueGlobal money managers operating in the U.K.'s defined contribution market are running out of time to get their strategies in line for a world where savers have more freedom than ever before.
Pyramis: U.S. investors have different take on alternatives than Europe, Asia
trueU.S. institutional investors' views on investing in alternatives has diverged from their investing brethren in Europe and Asia, said a new survey by Pyramis Global Advisors.
Irving pension fund sues Tesco for fraud
trueTesco PLC and its directors misled investors about its financial health, according to a Texas pension fund that sued the U.K.’s biggest retailer just as it’s facing an onslaught from rival European companies.
Education firm RM enters into pension buy-in with PIC
trueRM PLC, Abingdon, England, agreed to a buy-in with Pension Insurance Corp. to insure 13% of the liabilities of the company's defined benefit plan.
BT loses battle at top EU court to block pension aid repayment
trueBT Group PLC, the U.K.'s former phone monopoly, and its pension fund lost their bid to overturn a European Union order forcing the repayment of as much as £16.6 million ($26.6 million) in exemptions from pension rules.
Unilever enters into buy-in with Legal & General on expatriate fund
trueUniac Pension Fund agreed to a buy-in with Legal & General Group to insure £129 million ($208.5 million) of liabilities.
Panasonic completes pension fund buyout for U.K. unit
truePanasonic Systems Networks Co. U.K. Ltd. Pension and Life Assurance Scheme completed a buyout with Rothesay Life.