Investment

NETHERLANDS - Dutch pension experts question whether the interbank swap yield curve is the best rate to discount liabilities against, Giovanni Legorano and Raquel Pichardo-Allison report.

The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.

EUROPE - The European Commission has launched a Green Paper reopening the issue of solvency standards in pension schemes.

The UK should look at the Chilean retirement system's multi-fund structure as it develops the default fund set-up for NEST, Organisation for Economic Co-Operation and Development principal economist Pablo Antolin-Nicolas says.

GLOBAL - BNY Mellon Asset Servicing has launched a new Global Financial Institutions (GFI) group to support clients within in the banking, mutual fund and insurance sectors.

EUROPE - European Commission Green Paper proposals for an adjusted version of Solvency II standards for pension schemes could force firms to hold huge unnecessary surpluses, the Confederation for British Industry said.

NETHERLANDS - The Dutch merchant navy pension fund (Bedrijfspensioenfonds voor de Koopvaardij) is to take a stake in its asset manager, Mn Services.

Saga was the only top five annuity provider not to cut rates following George Osborne's emergency Budget on June 22, Alexander Forbes Annuity Bureau says.

AUSTRALIA - Industry superannuation fund Media Super has agreed to offer a A$20m (US$17m) loan to help indirectly finance Australian film and television programmes.

GLOBAL - Highly volatile markets combined with uncertainty over the sovereign debt crisis will stunt institutional inflows for the rest of the year, research by McKinsey & Co suggests.