Investment

The European Insurance and Occupational Pensions Authority held its first meeting today, confirming the membership of its newly elected management board.

EUROPE - The European Insurance and Occupational Pensions Authority (EIOPA) held its first meeting today, confirming the membership of its newly elected Management Board.

US - A coalition of seven public pension systems has called on the boards of major US banks to immediately undertake independent examinations of the banks' mortgage and foreclosure practices.

GLOBAL - International investors have accused Fortis NV of providing misleading information about the company in the run up to its collapse.

Schroders has launched a frontier markets equity fund giving investors, such as pension funds, access to some of the world's fastest developing economies.

Third-sector multi-employer fund The Pensions Trust has changed its investment strategy across all member schemes in a shift away from quoted equities.

Bad investment selection in the pensions market is still a "significant concern" placing customers at unnecessary risk, the Financial Services Authority warns.

Employers are being warned there are only 90 days left before changes to pensions taxation are implemented on 6 April.

The Barclays UK Retirement Fund has no intention of managing third party money despite launching its own asset management arm, its chief financial officer says.

Pension funds will suffer "significant capital losses" if they continue to invest in sovereign bonds over equities, a leading fund manager says.