Investment

Jupiter has set the price range of its IPO at between 150p and 210p per share, valuing the asset manager at £718m to £868m.

GLOBAL - Pension funds should base their investment decisions on scenario planning given current market uncertainty, but this is prevented by the fact the pension industry is massively incentivised to herding, Ashmore head of research Jerome Booth said....

The current refinancing gap for middle market companies created by banks' unwillingness to lend is providing mezzanine debt investment opportunities for schemes, Mercer says.

GLOBAL - The current refinancing gap for middle market companies created by banks' unwillingness to lend is providing mezzanine debt investment opportunities for schemes, Mercer said.

Pension fund managers could have been forgiven for feeling like the worst had passed when the industry emerged from 2009, though it appears the glow of recovery was merely a reprieve.

There are now less than 30 months to the advent of automatic enrolment.

The coalition government will take a "long hard look" at auto-enrolment and the delivery of NEST before deciding on its future, Steve Webb says.

US - Account-based retirement plans for new salaried employees are increasingly replacing defined benefit plans at large US companies, a study by Towers Watson revealed.

Trustees would be failing in their primary role if they allow issues of ethics to cloud their investment decisions, Ian Greenwood says.

In the first of two features detailing the first meeting of our DC World Steering Club, Helen Morrissey asks how investment strategies are evolving