Investment

A new tax transparent fund vehicle to be launched ahead of the implementation of UCITS IV regulations should attract more than £20bn of additional multinational pension fund investments, Deloitte says.

UK/US - Administrators for Nortel Networks and Lehman Brothers are challenging The Pensions Regulator in the High Court over the watchdog's ability to impose a financial support direction against them.

Administrators for Nortel Networks and Lehman Brothers are challenging The Pensions Regulator in the High Court over the watchdog's ability to impose a financial support direction against them.

UK - The National Employment Savings Trust will up its exposure to return-seeking assets through direct investment about five years into its life, its chief investment officer says.

Projected retirement incomes for defined contribution savers improved for the second month in a row, Aon Hewitt analysis reveals.

Diversified growth funds are too correlated to equity markets and do not offer defined contribution investors the diversification they need, an asset manager says.

Schemes should concentrate on asset allocation and fees not manager selection, Evercore Pan Asset says.

Schemes seeking to meet inflation risk can invest in long lease property as a lower-cost alternative to buying pricey index-linked gilts, industry experts say.

US - The Florida Retirement System Pension Plan reported a 14% annual return for the year ending June 30, beating its target by more than two percentage points.

Investec has agreed to sell Rensburg Fund Management Limited to Franklin Templeton for £45m.