GLOBAL - Fidelity International is to build a global multi-manager business which will initially target retail clients and subsequently include the creation of a bespoke solution for pension funds.

Fears that flaws in defined contribution schemes will go undetected because of hysteria over a few failed final salary plans are unfounded, Fidelity International claims.

PROPERTY returns fell for the second consecutive month in August and dropped to their lowest level since January, latest figures reveal.

US - The New York State Common Retirement Fund has invested US$2.8m in Sigma Marketing Group, as part of its in-state private equity investment programme.

Axa contemplates bulk annuities move; Aviva job cuts save firm £250m a year; Morley meets BP board for assurance on failings; Final GE Life bids today

PENSION regulators have been applauded for highlighting gaps in trustees' corporate governance best practice.

GOVERNMENT plans to give parents the right to choose the hours they work could do more harm than good, warn employers.

EUROPE - The European Insurance and Occupational Pensions Committee has concluded Institutions for Occupational Retirement Provision (IORPs) will not be included in the scope of Solvency II.

TEN financial services organisations have given their backing to a campaign that encourages people to save more for retirement.

AG Bisset & Company, the US specialist currency manager, is set to open a London office in bid to boost its focus on local authority pension funds.