Regions

GLOBAL - Goldman Sachs Asset Management has reported a record year, with net revenues increasing 45% from last year to US$4.29bn.

EUROPE - Significant changes to the way discount rates and other assumptions are determined will be expected as EU states implement the Institutions for Occupational Retirement Provisions (IORPs) directive, a survey has shown.

NETHERLANDS - Robeco has become the 22nd firm to join the Enhanced Analytics Initiative (EAI), bringing the Initiative's total assets to €1.2trn.

GLOBAL - Investment consultants lack skills in some of the niche investment areas, opening the door for investment banks and asset managers to offer "zero-fee" consulting services directly to pension funds, some industry players have claimed.

EUROPE - Estonia, Poland and Latvia were warned not to rest on their laurels just yet regarding pension expenditure since projections by the EU Commission could turn out to be less favourable than has been assumed.

EUROPE - AXA Real Estate Investment Managers is undertaking an aggressive growth strategy through an "acquisition programme" in Sweden and Finland, which could lead to the opening of a regional office.

EUROPE - Pioneer Investments is to leverage the recent integration of Activest into the Pioneer group to expand its offering in the Italian, Dutch and Danish pensions markets.

EUROPE - The complexity and diversity of Europe's national pension systems is increasing costs for multi-national companies and "accelerating" the trend towards job relocation outside of the EU, the results of a worldwide survey published today by AEGON...

JORDAN - A pension reform linking benefits to lifetime contributions and ensuring pensions are indexed to inflation should be a priority, the International Monetary Fund (IMF) said in a staff report.

GLOBAL - The merger between the Bank of New York and Mellon Financial Corporation will have a minimal impact on the firms' respective asset management divisions, with the vast majority of the 3900 planned job cuts coming from elsewhere, according to John...