Investment

UK - BlackRock Investment Management will transfer two real estate funds of funds worth £54.8m (US$90.4m) and €62.6m (US$93m) to Aviva Investors Global Services after the fund manager left the firm for Aviva.

US - The American International Group (AIG) has renamed its asset management and investment advisory group, which is currently being spun off, PineBridge Investments.

CANADA - Canada's three largest pension funds have endorsed a new action plan to help Toronto evolve into a global hub for the retirement financial sector.

UK - The discount rate used to calculate scheme liabilities in company accounts should be a risk-free rate, an Accounting Standards Board report confirms.

Senior correspondent Giovanni Legorano speaks to TPR employer compliance regime programme manager Charles Counsell.

The discount rate used to calculate scheme liabilities in company accounts should be a risk-free rate, an Accounting Standards Board report confirms.

Arbuthnot Banking Group has said its property joint venture with former UBS UK real estate director Richard Tanner will be called Arbuthnot Real Estate Investment Management.

UK - Asset management firm Gartmore has confirmed it intends to float on the London Stock Exchange in mid-December.

Gartmore has confirmed it intends to float on the London Stock Exchange in mid-December.

The EEF has set up a crucial meeting with key stakeholders to address problems with proposed changes to the section 75 employer debt regime, PP has learned.