Investment

Employees will need to be provided with basic pension scheme information within seven days of starting work from 2012, the government says.

Pension trustees must show they are taking governance more seriously, financial services secretary Lord Myners says.

EUROPE - The first hedge fund exchange-traded fund (ETF) has been launched into the market, by db x-trackers, the ETF arm of Deutsche Bank. The ETF is listed on Deutsche Börse's XTF segment.

The £1.4bn Avon Pension Fund has hired Partners Group and Schroders to manage a property mandate worth approximately £180m.

JPMorgan Asset Management's UK institutional business received more than US$4.2bn (£3.03bn) in new assets last year.

UK - The £1.4bn Avon Pension Fund has hired Partners Group and Schroders to manage a property mandate worth approximately £180m.

US - S&P has released the first in a range of global low carbon indices, designed to meet increasing investor demand for environmentally focussed indices.

Final salary pension schemes experienced the highest five-day volatility on record, with the biggest single day loss of £27bn on Monday, Aon Consulting says.

The Pension Protection Fund will take over the role of scheme manager for the Financial Assistance Scheme this summer, latest regulations reveal.

BNP Paribas has become the latest financial institution to scale back its pension team.