Investment

The CFA Institute and the UK Investment Performance Committee have unveiled new GIPS standards that will require fair value reporting of hard to value assets and more in-depth reporting of risk within an investment strategy.

Readers Digest UK has gone into administration after The Pensions Regulator vetoed an agreement to settle its long-standing pension scheme liability.

US - Alternatives manager Fortress Investment Group has expanded into the traditional bond arena with its purchase of fixed income shop Logan Circle Partners for US$21m in cash.

Some £7.8bn of pension scheme risk transfer deals completed in 2009, despite challenging financial landscape, analysis from Hymans Robertson reveals.

As coming of ages go, defined contribution has had one of the longest ever. The retirement vehicle has had, to say the least, a protracted and troubled adolescence as trustees and employers have largely focused on the risk posed by legacy defined benefit...

MEXICO - The country's state pension fund (afores) posted average returns of 5.5% for the month of January, according to data released by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR).

UK/NORWAY - Norwegian fund manager Skagen is setting up an operation in the UK.

Investment managers expect global equity returns to clock in at the 10% range in 2010, helping to fuel economic recovery this year, a survey by Towers Watson finds.

FRANCE - Investment returns at the Fonds de Réserve pour les Retraites (FRR) are up 15% for 2009 on the back of the strong rebound in the equity markets.

Most schemes are unsure if target date funds are suitable for the UK pensions market, research by Clear Path Analysis shows.