Regions

EUROPE - The new standards for securities research may drive some investment firms to spin off their research functions, said European Commissioner for Internal Market and Services, Charlie McCreevy.

EUROPE - Dexia Asset Management has opened an office in Stockholm as part of its aim to grow its business in the Nordics.

EUROPE - By 2050 there will be only one employed person for every retiree, placing pensions at risk and increasing tax pressures on the working population, the OECD has warned.

EUROPE - Pioneer Investments has poached Cathy Brand from Citigroup to head up its international strategic product management and development among a string of new hires to its Dublin and London based teams.

EUROPE - The European Federation for Retirement Provision (EFRP) has given ‘qualified support' to the proposal for a portability directive put forward today by the European Commission today, but warned of increased costs.

GLOBAL - FTSE Group and Global Wealth Allocation today launched a new series of wealth weighted indices which represent a significant shift away from the tradition of providing equity indexing based on market capitalisation.

GLOBAL - ABN AMRO has appointed Sarah Russell to head up its global asset management group.

GLOBAL - Mercer Human Resource Consulting has broken up its international consulting team led by Giles Archibald.

GLOBAL - Energy and transport engineering firm ALSTOM has appointed Hewitt Associates as a global actuary and pension strategy consultant.

GLOBAL - ABP, USS and a host of other US and Australian pension funds are suing News Corporation for extending defences to hostile takeovers without shareholder approval.