Investment

Improving companies through corporate governance will remain "a fantasy" until pension trustees better align their managers' incentives, Mark Fawcett says.

Towers Watson has sold stochastic forecasting business eValue to fund analysis company Financial Express.

JLT Benefit Solutions has launched a group personal pension with Scottish Widows for employers looking to improve their scheme ahead of 2012.

The Organisation for Economic Co-operation and Development plans to start its research on managing longevity risk in January, and could propose governments issue life expectancy indexes.

Morningstar's quantitative research director, Paul Kaplan speaks about the firm's new quantitative model, Markowitz 2.0, and the evolution of modern portfolio theory.

US - The Teacher Retirement System of Texas' strong returns of 12.6% in the year ended September 30 has allowed the scheme to pay $9.7m in current and deferred bonuses to its staff.

Schroders is to close its defined benefit scheme to future accrual.

FRANCE - Morningstar's quantitative research director, Paul Kaplan speaks about the firm's new quantitative model, Markowitz 2.0, and the evolution of modern portfolio theory.

Asset managers are still failing to improve their voting and engagement disclosure records despite the introduction of the Stewardship Code, research suggests.

The Barclays UK Retirement Fund has launched its own asset management company to give its in-house investment team more flexibility around investment decisions.