Investment

Lawrence Gosling asks if Henderson is paying too much to acquire Gartmore

EUROPE - Pension supervisors and regulators looking to take a risk-based approach to monitoring pension schemes now have a toolbox of best practices thanks to a new report by the OECD and IOPS.

Henderson and Gartmore have finally reached an agreement which should see full acquisition take place in a £335m deal over the next few months, subject to shareholder approval.

Goldman Sachs has bought Paternoster for £260m but will not immediately combine the firm with its Rothesay Life subsidiary.

State Street Global Advisors has completed its acquisition of Bank of Ireland Asset Management for approximately €57m (£49m) including net assets of an estimated €14m.

The European Insurance and Occupational Pensions Authority held its first meeting today, confirming the membership of its newly elected management board.

EUROPE - The European Insurance and Occupational Pensions Authority (EIOPA) held its first meeting today, confirming the membership of its newly elected Management Board.

US - A coalition of seven public pension systems has called on the boards of major US banks to immediately undertake independent examinations of the banks' mortgage and foreclosure practices.

GLOBAL - International investors have accused Fortis NV of providing misleading information about the company in the run up to its collapse.

Schroders has launched a frontier markets equity fund giving investors, such as pension funds, access to some of the world's fastest developing economies.