U.K.
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Berkshire Pension Fund calls on Cambridge Strategy for currency overlay
Royal County of Berkshire Pension Fund, Maidenhead, England, hired The Cambridge Strategy to run a passive currency overlay for the £1.5 billion ($2.3 billion) fund.
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U.K. Supreme Court to decide if pension claims trump others' in bankruptcy cases
The U.K. Supreme Court on Tuesday began hearing parallel cases challenging whether pension funds of insolvent companies have priority claim over other creditors.
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Ex-BlackRock portfolio manager arrested in U.K. probe — sources
Mark Lyttleton, a former BlackRock managing director and portfolio manager, has been arrested as part of an insider-trading probe by the U.K. Financial Conduct Authority, two people familiar with the matter said.
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U.K. corporate plans' aggregate deficit worst since 2007
The aggregate funded status of FTSE 350 corporate pension funds dropped two percentage points in April to 84%, according to a report from Mercer.
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Legal & General expanding its market focusLegal & General Investment Management has been expanding through what might be dubbed as a grave-to-cradle approach to pension funds.
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Pensions Infrastructure Platform to look for managers
Pensions Infrastructure Platform, a new infrastructure fund backed by 10 major U.K. institutional investors with an initial target of £2 billion ($3 billion), will issue RFIs for investment managers later this month.
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Cornwall County Council Pension Fund seeks frontier markets equity manager
Cornwall County Council Pension Fund, Truro, England, issued an RFP for a manager to run a £60 million ($93 million) global frontier markets equity portfolio.
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Legal & General AUM up 9% in first quarter
Legal & General Investment Management's assets under management increased 9% in the quarter to £441 billion ($687 billion) and 15% for the year ended March 31.
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Legal & General, like Aberdeen, not interested in SWIP purchase
Legal & General Group ruled out bidding for Lloyds Banking Group's Scottish Widows Investment Partnership as it posted first-quarter cash flow that beat analysts' estimates.
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U.K.'s NEST creates corporate governance policy
National Employment Savings Trust, London, issued its proxy voting and corporate governance policies Monday, which include supporting corporate remuneration programs that reflect awareness at all pay levels within a company, including paying the lowest-paid employees a “living wage and not the ...
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Royal Mail Pension Plan chooses new CEO
Chris Hogg was named CEO of £3 billion ($4.7 billion) Royal Mail Pension Plan, London.
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AXA looks to freeze U.K. pension fund
AXA Group is proposing to freeze its £3.28 billion ($5.08 billion) U.K. defined benefit pension fund, which has been closed to new members since 2003, according to a company spokeswoman.
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Eastman Kodak to sell 2 units to U.K. pension fundEastman Kodak Co., Rochester, N.Y., agreed to spin off two business units to the £1 billion ($1.5 billion) U.K. Kodak Pension Plan, its largest creditor.
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NOW: Pensions helps British field hockeyNOW: Pensions is planning to take the British men's field hockey squad all the way to Rio.
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Environment Agency Pension Fund names new administrator
Dawn Turner was named head of environmental finance and pension fund management, effective April 30, at the Environment Agency Pension Fund, Bristol, England.
