Investment

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.

UK - The £8.5bn ($13.6bn) 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.

Asset manager F&C nearly doubled its votes against company management in shareholder resolutions last year, reflecting a tougher stance on corporate governance, the firm says.

GLOBAL - Asset manager F&C nearly doubled its votes against company management in shareholder resolutions last year, reflecting a tougher stance on corporate governance, the firm said.

The Pensions Regulator will publish detailed guidance for large employers and intermediaries on compliance with employer duties in May.

US - Two government reports released yesterday found employers offering 401(k) plans have little understanding of securities lending activities within their defined contribution plans.