Investment

Welcome to your New Year crisis! Just before Christmas, when all good folk were doing their bit to boost the UK economy with a bout of intensive retail therapy, two ratings agencies downgraded the rating of Greece's sovereign debt.

The senior editorial team at PP has passed the Pension Management Institute's Retirement Provision Certificate.

The Investment Governance Group has handed over its first consultation document to Paul Myners for feedback.

UK - Insight Investment has shifted its socially responsible investment function to individual fund management teams following its acquisition by BNY Mellon Asset Management last year.

EUROPE - Long-term UCITS funds attracted €19bn (US$27.4bn) in assets in November, marking the eighth consecutive month of gains, according to new data by the European Fund and Asset Management Association.

Trustees of the £2bn BAA Pension Scheme have appointed Cardano to advise the fund on all aspects of their investment strategy.

Reviewing pension transfer cases should be a priority for advisers, according to MetLife.

The government has pulled the draft batch of rules on existing pension scheme certification from the final auto-enrolment regulations.

Retirement has become a major political battleground in the run up to a general election, according to Tom McPhail.

Chile - The country's second pillar pension system, AFPs, posted positive results of up to 4.77% for the month of December driven by the funds' equity exposure, regulator Superintendencia de Pensiones has revealed.