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.
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.