Global

Siemens Financial Services Investment Management, the Munich-based international pension fund, is to undergo a widespread management reorganisation.

Sherrit Coal - a joint venture between the C$73bn (£32bn) Ontario's Teachers Pension Plan and Sherritt International - has set a final date of Monday, April 30 for Luscar Coal Income Fund to decide whether it will accept an acquisition offer by the firm....

FTSE and Xinhua Financial Network has launched the FTSE/Xinhua China 25 Index.

Swissair Pilots Pension Scheme, the Zurich-based CHF4bn (US$2.5bn) fund, is to award alternative asset manager Unigestion a hedge fund mandate worth up to CHF400m.

Rothschild Asset Management has appointed Hideyuki Suzuki as its new chief executive in Japan.

A panel of European pension trustees has rejected calls for performance-based fees for investment managers.

Old Mutual Asset Managers has appointed Luke Kerr as assistant fund manager for the UK equities team.

Canadian pension fund, Hospitals of Ontario Pension Plan, has appointed Paul Grisé as its new chief investment officer.

THE Personal Investment Authority has fined Harrogate-based IFA firm £30,000 and has ordered it to pay the PIA's costs of £5,400.

The UK's largest pension scheme - British Telecom's £27bn defined benefit scheme - has closed its final salary scheme to new employees without reaching a formal agreement with the telecommunication giant's two trade unions.