Global

GLOBAL - Institutional Shareholder Services (ISS) has bought the corporate governance unit of Belgium-based Deminor International, a European minority shareholder advocacy firm, creating a new platform for the firm's European operations.

INDIA - The systematic reform of India's pension system represents the "most ambitious" effort in the South Asian region to date, according to the World Bank.

GLOBAL - Standard Life Investments has confirmed it has appointed the Bank of New York as its service provider for a range of mutual fund administration services.

GLOBAL - Occupational pension fund asset allocation across the major markets is beginning to acquire greater similarities with a moderate trend towards greater bond investment emerging in countries with traditionally lower bond weightings.

GLOBAL - Northern Trust Global Advisors, Northern Trust's London-based manager-of-managers business, has dumped Credit Suisse as the manager of a Japanese equities mandate and jointly hired Australia-based Perennial Investment Partners and Japanese asset...

GLOBAL - Watson Wyatt has appointed Gene Wickes and Sylvester Schieber as global and US head of benefits respectively.

GLOBAL - Research into global trends and attitudes towards retirement has revealed a solid rejection of mandatory retirement with most people believing that employees should be able to continue working until any age - so long as they are still capable...

GLOBAL - The use of tactical asset allocation as a fund overlay is "unwise" and takes up a disproportionate share of a pension fund's total risk budget, warns Watson Wyatt.

GLOBAL - Pension funds globally are "woefully" underinvested in long term bonds, which closely mirror their liabilities, says PIMCO, the US-based fixed income arm of Allianz Global Investors.

GLOBAL - Wilshire Associates has launched its new performance measurement, performance attribution and risk management solution for multi-currency, multi-asset class portfolios in Europe and Asia Pacific.