Investment

BlackRock has been hit by another senior management departure after its European head of structured solutions portfolio management quit to join a rival firm.

EUROPE - The European Commission will extend capital requirements for pension schemes across Europe as early as 2016, industry sources say.

The FSA has for the first time made public its damning indictments of an IFA and an insurance broker who it banned over occupation scheme transfers before a final decision has been made on the cases.

A member who initially made a £23,923 maladministration claim was handed just £500 compensation by the deputy pensions ombudsman.

Draft guidance on auto-enrolment certification does not clarify nuances around salary sacrifice and opt-out inducements, leaving some employees in a "netherworld", a lawyer says.

Legal & General Property and Legal & General Investment Management have launched a hybrid property fund targeted at defined contribution schemes.

British Steel Pension Fund has added a television studio and planned digital media centre in Cardiff to its property portfolio after purchasing both sites from Aviva Investors.

SWEDEN - Actively managed Sweden funds fail to live up to expectations and are outperformed by passive index funds, according to the results of new research carried out by students at Uppsala University and reported by Affärsvärlden.

The Financial Services Authority's responsibilities for group personal pensions and stakeholder pensions should transfer to The Pensions Regulator, the National Association of Pension Funds says.

Bulk annuity buy-ins and buyouts are now a more popular solution than longevity risk hedging for trustees looking to de-risk, research by MetLife Assurance shows.