Regions

Proposals in the Finance Bill could undermine the government's pension tax simplification plans, the Society of Pension Consultants warns.

EUROPE - Retiring baby-boomers could cause financial instability through deflation, balance of payments deficits, with risks of currency crisis and exchange rate volatility accompanying banking crises, a new research paper warns.

EUROPE - JPMorgan has hired John Minderides as head of its transition management business in the EMEA region.

EUROPE - Northern Trust has appointed Anne-Lise Winge as head of European sales for Northern Trust's institutional asset servicing businesses.

GLOBAL - Investec Asset Management has entered into a deal to outsource its institutional administration worth $34bn in assets to State Street Corporation.

EUROPE - The European Commission today said that the Financial Services Action Plan (FSAP) was nearly complete, with 93% of the legislative measures in place.

GLOBAL - The hedge fund industry is poised to grow to a massive $4.6trn by 2010, according to the international financial investment group Platinum Capital Management.

GLOBAL - Hedge funds gained record inflows of $38.2bn (e31.5bn) in net assets during the first quarter of the year, new research shows.

NETHERLANDS - Stichting Pensioenfonds TNO, the e1.3bn Dutch corporate pension fund, is expected to hire a new private equity manager shortly.

EUROPE- Multinational companies would welcome the opportunity to have a single fund to finance the pension obligations of their entire employee population in the European Union, according to a new survey.