BNY Mellon

UK schemes achieved an average return of 4.3% on investments last year led by gilt returns of more than 20%, a study shows.

Absolute return funds aim to offer investors a positive return under all economic conditions. Helen Morrissey looks at issues the schemes need to be aware of before they invest in these products

Aiming to lose less on pension scheme asset investments will be more profitable than chasing index-based returns in an era of increasing deleveraging, Newton Investment Management say.

Plunging equity markets have wiped out all gains made by pension schemes from balanced pooled funds in the last year, BNY Mellon figures show.

US - The aggregate funded ratio in S&P 1500 pension plans increased to 75% in October from 72% in September, though much of the gain was wiped out at the beginning of this month, figures from Mercer show.

US - Bank of New York Mellon is on the receiving end of yet another lawsuit surrounding its foreign currency exchange practices, this time for allegedly marking up trades executed on behalf of the Massachusetts Pension Reserves Investment Management Board...

UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

US - The New York attorney general and the United States attorney general have launched separate lawsuits against Bank of New York Mellon accusing it of overcharging state and nationwide pension funds on foreign exchange currency trades.

APG Group; BNY Mellon; Dreyfus Corporation; Northern Trust; TRS; QIC; AXA Investment Managers; Acadian Asset Management; BlackRock; Aon Risk Solutions; SSgA; Mercer; RBC Dexia Investor Services; Schroders