Investment

UK/US - Affiliated Managers Group and the management team of Artemis Investment Management have bought Artemis from Fortis Bank for an undisclosed sum.

Affiliated Managers Group and the management team of Artemis Investment Management have bought Artemis from Fortis Bank for an undisclosed sum.

DWP

US/UK - Target date funds have proved to be the best default option for US defined contribution plans, Harvard college professor David Laibson has claimed.

SWITZERLAND - The funding levels of Swiss pension funds continued to recover in the last three months of 2009 as the stock market rally refused to fizzle, a survey showed.

The Pensions Regulator formerly exercised its powers in almost 800 active cases over a period of six months last year.

The "administrative nightmare" of auto-enrolment into National Employment Savings Trust will divert necessary attention from the scheme's investment strategy, the Pensions Institute warns.

UK - The "administrative nightmare" of auto-enrolment into National Employment Savings Trust will divert necessary attention from the scheme's investment strategy, the Pensions Institute warned.

The warnings have been coming for some time.

Panellists consider the problems encountered over the last year and discuss the issues set to affect DC pensions over the coming year