Investment

Aegon Asset Management has launched a customised asset allocation facility for clients to meet the strategic objectives of each particular pension scheme.

NETHERLANDS - Trustees at Dutch pension funds failed to fully understand the risks being taken in their portfolios, a new report by a government appointed committee found.

January 13 was St Hilary's Day and, according to folklore, is reputed to be the coldest day of the year.

Standard Life has been fined £2.45m by the Financial Services Authority for serious failures relating to its Pension Sterling Fund.

UK - Standard Life has been fined £2.45m (US$4.1m) by the Financial Services Authority for serious failures relating to its Pension Sterling Fund.

AUSTRALIA - The median Australian superannuation fund finished the year with a 15.1% return, but has yet to recover from the losses suffered during the global financial crisis.

UK - UBS Investment Bank is to enter the longevity swap market following the hire of a four-strong pensions team, sources said.

UBS Investment Bank is to enter the longevity swap market following the hire of a four-strong pensions team, PP has learned.

Hermes Equity Ownership Services has established a private equity service with the hire of Tom Rotherham as associate director for private equity.

Defined contribution default investment strategies are a "cop out" by trustees, an independent trustee firm says.