JAPAN - Standard & Poor's has launched the S&P Japan 500, a broadly representative index covering approximately 88% of the Japanese equity market, under an alliance with Toyo Keizai.
The S&P Japan 500 builds on the well-known S&P/TOPIX 150 large-cap index adding two new market-cap indices, the S&P Japan MidCap 100 and the S&P Japan SmallCap 250.
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.