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 trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.
The Pensions Regulator (TPR) will double down on its supervision with hundreds of schemes expecting increased oversight, while more than 60 will be subject to dedicated, one-to-one supervision.