Investment

Germany's ban on naked short-selling in European sovereign debt, as well as shares in its 10 largest financial institutions, has sent shockwaves through global markets today. Here, M&G's Stefan Issacs explains why the action appears to be largely symbolic...

UK - Cutting back public sector pensions would lead to an almost immediate £8bn (US$11.45bn) cost to the taxpayer, the Chartered Institute of Public Finance and Accountancy said.

European markets have tumbled following a ban on naked short-selling in Germany.

European Union finance ministers have backed controversial new rules for hedge funds and private equity firms.

Schroder Income fund managers Nick Purves and Ian Lance are leaving the company to join boutique RWC Partners.

UK - Jupiter Asset Management has unveiled plans to list on the London Stock Exchange next month, which could potentially value the group at up to £1bn (US$1.44bn).

Jupiter Asset Management has unveiled plans to list on the London Stock Exchange next month, which could potentially value the group at up to £1bn.

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.