UK - Northern Trust Global Investments is to launch a range of new pooled passive funds on its Dublin-based platform.
The funds are aimed at European institutional investors looking to access funds that provide diversification for their global and regional equity and bond investments.
The funds will employ Northern Trust’s proprietary Intelligent Indexing technique which, it says, tracks the index closely and minimises risk by using rigorous quantitative models in combination with sophisticated trading techniques. All of the new funds will also engage in securities lending.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
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