INCLUDING: INDIA - Ripe for global pension funds, CANADA - BCE debt rating ‘junk',GERMANY - Commerzbank confirms sell-off
INDIA – Ripe for global pension funds
The Hindustan Times has reported that Parag Saxena, co-founder and CEO of Vedanta Capital, considers India to be an excellent market for pension funds to invest in. He said that India offered high growth rates of 8% to 10% a year, coupled with limited risk relative to other markets which makes investment an attractive option.
CANADA – BCE debt rating ‘junk’
Standard & Poor’s has lowered the credit rating of Canada’s Bell Canada Enterprises (BCE) Inc. to junk status, TheStar.com has reported. The move comes as a result of the approval of a US$52bn agreement with the Ontario Teachers Pension Plan and its partners.
GERMANY – Commerzbank confirms sell-off
Commerzbank AG had confirmed it has sold its Japanese asset manager, Commerz International Capital Management, to Fortis NV according to Marketwatch website.
Investors, driven by depressed interest rates, slower global economic growth and rich equity market valuations are examining non-traditional investment opportunities.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up