Investment

Only a handful of pension schemes will be able to take a direct stake in National Air Traffic Services when the government sells its holdings due to the complex risks involved, consultants say.

Providers have largely welcomed the Financial Services Authority's Consultancy Charging Working Group's review, but emphasised the need for the resulting guidance to be non-prescriptive.

Henderson shareholders have voted overwhelmingly in favour of the acquisition of Gartmore, with 99.97% giving the go-ahead.

ASIA - The variety of economies at different stages of development in the ASEAN bloc offers a compelling opportunity for institutional investors, Baring Asset Management believes.

Gartmore shareholders have voted overwhelmingly in favour of the group's takeover by Henderson Global Investors, with almost 99% of voters approving the proposals.

Russell Investments has seen assets under management at its EMEA fiduciary management business reach £7bn ($11.3bn), with £1bn of new business coming in over the last 12 months.

GLOBAL - Pension funds and other institutional investors believe Greece and other troubled European countries will be forced to restructure or default on their debt within the next three years, research suggests.

People in the West Midlands have the most pessimistic view of pension saving in the country, with more than 60% believing they will be poor in retirement, a survey reveals.

A quarter of blue chip companies now only offer defined contribution pension schemes to their staff, Towers Watson research reveals.

The £8.5bn Aviva Staff Pension Scheme is looking to increase its allocations to real estate related assets to 15% over the next two years as it looks for long-term, liability matching assets.