Investment

The Pensions Regulator has reinforced its concern employers are placing excessive pressure on members over enhanced transfer value exercises, outgoing chairman David Norgrove says.

ASIA - Japan's Nikko Asset Management is strengthening its presence among institutional investors as it announced a deal to buy key parts of rival DBS Asset Management this morning.

F&C Investments has merged a number of its key investment teams to form a new investment solutions division and announced three hires to boost its fiduciary offering.

Defined contribution provision provides a "grossly inadequate" income and is condemning future elderly to a life of poverty, research by a think tank reveals.

Janus Capital has launched its emerging markets strategy, using the firm's bottom-up fundamental stock picking approach to invest in equities around the world.

Majedie Asset Management has launched a global equity fund for institutional investors.

US/GLOBAL - Some 3% of the 1,400 planned job cuts at State Street will come from State Street Global Advisors, GP understands.

Balanced pooled funds posted a positive return for October with a median of 1.8%, BNY Mellon Asset Servicing statistics reveal.

Alternative investments selected by skilled active managers can provide sources of alpha, but are not de-correlated to other asset classes, Hermes says.

Defined contribution scheme members approaching retirement whose pots are near the lifetime allowance face a conflicting investment decision to best protect future income, Aon Hewitt says.