Regions

EUROPE- The European Federation of Retirement Provision (EFRP) has called for a "principles based" Portability Directive to maximise labour mobility without disrupting systems in operation in different member states.

GLOBAL - Global investment bank Lehman Brothers has announced plans to launch a new series of hedge fund indices.

EUROPE - Longer working lives and increased private pension provision are the key to securing the future adequacy and financial sustainability of pensions systems, the European Commission said in a report published today.

GLOBAL - Jones Lang LaSalle Incorporated has appointed Lauralee Martin, the firm's chief financial officer (CFO) since 2002, to the additional position of chief operating officer (COO).

GLOBAL - Jones Lang LaSalle Incorporated has appointed Lauralee Martin, the firm's chief financial officer (CFO) since 2002, to the additional position of chief operating officer (COO).

ASIA - While recent pension reforms in Asia have been significant, experts warn that legislative changes alone will not be sufficient to provide adequate retirement savings to 55% of the world's population who now live in Asia.

GLOBAL - Institutional pension fund asset growth was outpaced by growth in liabilities in 2004, according to a global asset study by Watson Wyatt.

GLOBAL - Citigroup Asset Management (CAM) has appointed Ahmed Talhaoui as head of fixed income quantitative portfolio management and convertible bond management for Europe, Middle East and Africa (EMEA).

GLOBAL - BNP Paribas is to split its global fixed income business in two in an effort to adopt a more "integrated" approach to risk-taking across asset classes and capture more trading opportunities.

EUROPE - Russell/Mellon is developing its next generation performance attribution system - Russell/Mellon MAP, set for launch in the first half of the year.