Global

GLOBAL - IFAs need not fear the internet cutting into their business, Dr Sandy Nairn, CIO of Scottish Widows Investment Partnership, has concluded in a new book.

UK - Strong growth in private equity over the next few years is predicted by two new reports.

GLOBAL - The INPRS, a global network of pensions regulators and supervisors which comprises regulatory and supervisory authorities from 64 countries and 12 international organisations, has launched a new website at www.inprs.org.

GLOBAL - The NAPF has called on UK pension funds to review the safety of its emerging markets investments, after the world's largest pension fund pulled out of a raft of developing countries.

GLOBAL - The UK's largest insurer, CGNU, is to shelve its name in favour of a more global look with the Aviva brand.

MOROCCO - CDP Capital, the fund management arm of the C$125bn Canadian pension fund giant, has partnered with the Caisse de Dépôt et de Gestion du Maroc (CDG) and other major Moroccan institutions to create a US$30m fund for Morocco.

GLOBAL - The International Accounting Standards Board (IASB) has published an exposure draft of a proposed amendment to IAS 19.

GLOBAL - Stakeholders of chemicals giant ICI have overwhelmingly approved an £800m rights issue. The firm has denied recent reports that the move is linked to alleged shortfalls in its pension fund.

GLOBAL - Old Mutual (OM) is looking to expand its fund management operations in the US and South Africa, despite seeing group profits fall £856m in 2001, a fall it attributes to both poor market conditions and the weakness of the Rand.

GLOBAL - German financial services group Commerzbank looks set to sell Jupiter International, the fund manager it bought in 1995, having appointed Goldman Sachs to conduct a strategic review of its fund management businesses.