UK exchange traded fund (ETF) provider, iShares and FTSE are to launch two new ETF products offering access to the FTSE Eurotop 100 and FTSE Euro 100.
iShares - run by Barclay Global Investors (BGI) - will rename its existing iFTSE ExUK ETF to iShares FTSE Euro 100, with the benchmark changing from the FTSE ExUK to the FTSE Euro 100. The main difference will be that Swiss, Danish, Norwegian and Swedish companies will not be included and the fund will be priced in euros.
John Demaine, iShares director said: “The iShares FTSE Euro 100 will give a broader exposure across the Eurozone countries than is currently available from existing ETFs.”
Later this year iShares will also launch a product based on the FTSE Eurotop 100 index, which will be listed on the London and Euronext exchanges, providing pan-European exposure across blue chips.
By Madhu Kalia
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.