Global

GLOBAL - More than a third (36%) of people would like to see government enforce additional private savings, according to an HSBC report on future retirement trends.

GLOBAL - Fidelity International has hired Simon Ellis to spearhead an expansion of its US$1.2bn multi-manager business across all international markets in which it has a presence.

GLOBAL - The combined assets under management for both BlackRock and Merrill Lynch Investment Managers (MLIM) has tipped the US$1trn mark.

PORTUGAL - The Organisation for Economic Co-operation and Development (OECD) has warned urgent action needs to be taken if the Portuguese state pension system is to be financially sustained beyond 2014.

GLOBAL - Merrill Lynch Investment Managers (MLIM) has generated net revenues of $570m in 2006 Q1, up 38% from the 2005 first quarter.

EUROPE - Eleven member states have been sent Reasoned Opinion letters by the European Commission (EC) for failing to fully or, in some cases, even partially transpose the Institutions for Occupational Retirement Provision (IORP) Directive into their national...

GLOBAL - Freezing a plan can place a company at even greater risk unless the remaining financial exposure is addressed, an analysis by Mellon Financial Corporation has claimed.

GLOBAL - Assets under management at the Mellon Financial Corporation increased by 11% in the first quarter of 2006, achieving a record US$808bn by end March, according to the firm.

GLOBAL - State Street Global Advisors (SSgA) has recorded US$1.5 in assets under management in the 2006 first quarter, up 12% compared to $1.4trn on the previous year.

US - Indonesia has been added to the list of permissible emerging equity markets that the US$208bn CalPERS pension fund is able to invest in.