INCLUDING: Korea - Standard & Poor's ups Korean coverage; Middle East - Citigroup expands services to region; UK - Deutsche Bank lists money market ETFs
Following an agreement with Korean Listed Companies Association (KLCA), Standard & Poor's Compustat will now include fundamental and market data on all companies incorporated in Korea. Compustat data provides information on companies, indices and industries for institutional investors.
Middle East - Citigroup expands services to region
Citi is to provide agency and trust services to the Middle East, with the initial focus on Dubai, Bahrain, Kuwait, Qatar and Abu Dhabi. Mohammed Al-Shroogi, chairman of Citi for the Middle East, commented: "Global capital flows are being redirected from the West to the Middle East and the region is growing strongly as a result (...) Citi opened a new branch in Qatar in 2007 and is now its extending services to Shari'a compliant escrow services, closing agent and security agent roles."
UK - Deutsche Bank lists money market ETFs
Deutsche Bank has listed the first two exchange traded funds linked to money market rates on the London Stock Exchange. The db x-trackers Sterling Money Market ETF and the db x-trackers US Dollar Money Market ETF reflect the Sterling Overnight Index Average rate (SONIA) and the Fed Funds Effective Rate, representing respectively the British and American short term money market reference interest rates.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.