GERMANY - German stock market NASDAQ Deutschland has started trading.
Investors have access to a range of 110 international securities drawn from the DAX, TecDAX, MDAX, NASDAQ-100 and Dow 30. The eventual rollout target is 3,000 companies.
Market makers include Berliner Effektengesellschaft, Dresdner Bank and Commerzbank .
NASDAQ Deutschland also uses a best execution model, unique to the German market, and enables the trade to be executed at the best available price by seeking inputs from the most liquid external reference market whilst also generating a Börsenpreis or exchange price.
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.
The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.