Regions

Deutscher Investment Trust new funds

SOUTH AFRICA - South African savers are getting poorer, and they are putting the blame squarely on their retirement fund managers.

GLOBAL - The US dollar will continue to decline over the medium-term after markets weather a short period of volatility, a leading fund manager claims.

GLOBAL - State Street Corporation has been appointed to provide investment services to Scudder Investments assets worth US$135bn.

Banks opt for iTrading system

EUROPE - Pension reform in Continental Europe is likely to follow the UK's growing preference for defined contribution schemes in the long-term due to the steep rise in the ageing population.

EUROPE - Under the new EU Pensions Directive, companies may have to tell members how much of their ‘promised' benefit they would receive if the scheme is wound up, according to Mercer Human Resource Consulting.

EUROPE - For the second time this year the minimum interest rate guarantee for the Swiss pension and insurance industry looks set to be cut, this time from 3.25% to 2%.

EUROPE - Pharmaceuticals and chemicals giant Akzo Nobel has denied allegations by a Dutch shareholder activist group that it masked a e1.1bn pension fund deficit in its 2002 financial accounts.

GLOBAL - A row has erupted over the relative merits of human resource capital offshore and onshore, as a result of the decision by Ansbacher Fund Services (AFS) to launch its new private equity fund administration service from a London base.