Investment

FUND managers have sharply conflicting views on how the current downturn will play out, Hewitt Associates says.

Standard Life has agreed to compensate around 97,000 customers who lost out when its Pension Sterling Fund fell by 4.8% last month.

British Telecom could have to pay the Pension Protection Fund £16.6m after its partial exemption from levies was declared illegal by the European Commission.

AUSTRALIA - Barclays Capital has launched an index in a bid to provide a solution for obtaining liquid inflation exposure in markets where access to inflation-linked instruments is illiquid or non-existent.

Scottish Widows is set to enhance its corporate pensions package to give employers the chance to create more tailored schemes.

THE Universities Superannuation Scheme has backed the publication of guidelines for responsible investment by the US Private Equity Council.

Pension funds have huge and unrealised potential to influence the corporate governance of the companies they invest in, Hermes Equity Ownership Services chief executive Colin Melvin claims.

The aggregate funding position of the 7800 defined benefit funds monitored by the Pension Protection Fund improved to a deficit of £190.6bn in January.

BNY Mellon Asset Management has launched two investment boutiques - one focused on the management of domestic Australian equities, the other on emerging markets equities and global fixed income.

Chuo Mitsui Trust International, the global arm of Chuo Mitsui Trust and Banking, has launched a London office in a move to expand its investment management business outside Japan.