The Bank of New York (BoNY) has acquired a 4.9% stake in Dutch-based custodian Kas-Associatie for investment purposes. Kas-Associatie provides securities custody services and settlement and administration of securities and derivatives transactions and its client base comprises institutional investors, banks, brokers, investment institutions, and private clients.
The bank employs a staff of 750 at offices in Amsterdam and London.
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.