Investment

MEXICO CITY - Assets under management of Mexican mandatory pension funds grew 23% to MXN1.24trn (US$97.8bn) at the end of April from a year earlier, data by regulator Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) showed.

Capita Hartshead Actuarial and Consultancy Services and Partnership have linked up to provide an enhanced annuity service.

Private pension scheme membership has slumped by almost one and a half million since 1997, the Office for National Statistics says.

The computer contract for administering the National Employment Savings Trust - signed by the Labour government just months before they left office - will be re-examined, David Laws says.

The coalition government is set to detail how it plans to make £6bn in spending cuts this year at its first Budget on Tuesday June 22.

Man Group has agreed to acquire GLG Partners in a deal worth $1.6bn.

UK - Man Group has agreed to acquire GLG Partners in a deal worth US$1.6bn.

The US Securities and Exchange Commission has accused a former Schroders Investment Management North America portfolio manager of using confidential information to encourage his family members to offload their shares in funds he managed.

The trustees of the £40m British Horseracing Authority pension scheme have appointed Mercer to provide implemented consulting services.

The National Association of Pension Funds this week urged the European Parliament to vote down an amendment to a controversial directive that would further hinder its members accessing EU-based alternative funds.