Investment

Partnership has launched an online solution to help advisers find the best annuities for clients retiring with funds below £30,000.

GLOBAL - Mergers and acquisitions (M&A) involving managers of alternative strategies grew to a record 50% of all global asset management transactions in the first quarter, data by Jefferies & Co.'s Financial Institutions Group revealed.

IRELAND - Bank of Ireland Plc may sell its asset management unit, a pensions business and ICS Building Society to win European Commission approval for a restructuring plan after a government bailout of the country's biggest lender.

US - AXA Rosenberg chairman Barr Rosenberg will take a 30-day leave of absence after company officials failed to disclose a coding error that disrupted the quant manager's investment model.

UK/US - State Street Corp. has taken a minority stake in PensionsFirst Analytics, which offers a web tool that can provide actuarial valuations on a daily basis, and has plans to take the London-based firm global.

State Street Corp. has taken a minority stake in PensionsFirst Analytics, which offers a web tool that can provide actuarial valuations on a daily basis, and has plans to take the London-based firm global.

BP has delayed a final investment decision on its controversial Sunrise tar sands project until ‘early next year'.

More than half of large pension schemes plan to review or change their defined contribution default investment strategy in the next 12 months, the 2010 PensionDCisions UK Sponsor Default Survey reveals.

UK - More than half of large pension schemes plan to review or change their defined contribution default investment strategy in the next 12 months, the 2010 PensionDCisions UK Sponsor Default Survey revealed.

CANADA - The Caisse de dépôt et placement du Québec has announced plans to reduce expenses by C$20m (US$20m) this year in part by reducing external asset management fees.