Investment

EUROPE - RBC Wealth Management has reached an agreement to buy BlueBay Asset Management for £963m ($1.5bn).

Man Group has completed its $1.6bn purchase of GLG Partners, creating a diversified fund group running $63bn of assets.

Here they are. The list of the key changes in the pensions tax regime following today's announcement.

The UK Stewardship Code will increase collective engagement by pension funds and give institutional investors more oversight in the boardroom, say Legal & General Investment Management.

The Treasury has confirmed it will protect long-serving final salary scheme members after it increased the factor used for valuing benefits against the annual allowance from 10 to 16.

The annual allowance will be cut from £255,000 to £50,000; the lifetime allowance reduced from £1.8m to £1.5m, and the factor for valuing final salary benefits increased from 10 to 16, the Treasury has announced.

As schemes increasingly look to derisk, Laura Blows discovers how greater trustee engagement is changing the nature of LDI strategies

The £3bn DHL Pensions Investment Fund has restructured part of its investment portfolio with J.P. Morgan Worldwide Securities Services.

Given present stock market volatility, Professor Shlomo Benartzi looks at investment-related issues and, in particular, changes to the investment decisions made by both employers and staff

IRELAND - The Pensions Board has agreed to extend the timeframe for defined benefit schemes to submit their funding proposals.