UK - Barclays Global Investors is changing the benchmarks on two of its iShares European Exchange Traded Funds in order to cut costs.
Benchmarks of its iShares FTSE Euro 100 and iShares FTSE Eurotop 100 ETFs will be changed to the FTSEurofirst indices in the autumn, subject to regulatory approval.
The FTSEurofirst indices are a joint venture between FTSE and Euronext, and BGI claims the move will reduce the funds’ expenses from 0.6% per annum to 0.4%. BGI also feels the FTSEurofirst indices are superior to the existing benchmarks in terms of market coverage, liquidity and transparency.
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.