GLOBAL - Oil and gold exchange traded commodities (ETCs) recorded strong inflows at the end of 2008, according to ETF Securities (ETFS).
Declines in the price of oil from a peak of US$150 per barrel to a low of under $40 per barrel had spurred investors into taking long positions ETFS said, while holdings in short oil ETCs had declined.
ETFS added gold ETCs rose by $42m during the week, with total inflows of $157m during December and nearly $1.2bn over the past year.
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Two consultancies have reported decreases in defined benefit (DB) transfer quotation requests in Q3, and said guaranteed minimum pension (GMP) equalisation could impact transfer activity.
The Association of Consulting Actuaries (ACA) and Royal London have proposed a "pensions pound" to "radically simplify" defined benefit (DB) pensions rights.