UK/NETHERLANDS - The ING Group is continuing its corporate restructuring, started in October 2006, with the full separation of the banking and the insurance unit, including its asset management unit, said ING Investment Management's (ING IM) new Europe...
CANADA - Canadian defined benefit (DB) pension funds will struggle to meet future obligations to members, according to a survey by RBC Dexia Investor Services.
GLOBAL - Lane Clark & Peacock LLP (LCP) has partnered with Spanish consultant Novaster, in a bid to expand its reach in Spain and Latin America.
UK - BlackRock Investment Management will transfer two real estate funds of funds worth £54.8m (US$90.4m) and €62.6m (US$93m) to Aviva Investors Global Services after the fund manager left the firm for Aviva.
US - The American International Group (AIG) has renamed its asset management and investment advisory group, which is currently being spun off, PineBridge Investments.
Senior correspondent Giovanni Legorano speaks to TPR employer compliance regime programme manager Charles Counsell.
UK - Senior correspondent Giovanni Legorano speaks to Steve Delo former chairman of the Pensions Management Institute/Independent Trustee, PAN Governance and Michael Chatterton, head of settlement solutions at Watson Wyatt.
UK - Trustees and sponsor companies should look at the company's defined benefit scheme as if it were a subsidiary of the sponsor company, Watson Wyatt head of settlement solutions Michael Chatterton said.
NETHERLANDS - Stichting Pensioenfonds ABP will increase Dutch civil servants' pensions by 0.45% in 2010 to partially reflect the average growth in wages in the government and education sectors.
SWITZERLAND - Officials at UBS expect to see positive flows into its asset management unit next year, the Swiss bank said as it discussed an overhaul of the company's strategy aimed at bringing the firm back into positive territory.