IRELAND - Dublin-based hedge fund administrator Custom House Administration & Corporate Services has received a 'Baa1(MQ)' rating (Management Quality) from Moody's Investors Service - the first fund administrator to be given an MQ rating by Moody's.
Moody's MQ ratings, launched in 1999, provide institutional investors with an independent appraisal of asset management companies, custodian banks and administrative service providers.
Custom House administers some 180 funds for more than 90 investment management clients with total assets under administration approaching US$3bn.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.