US - The Securities and Exchange Commission (SEC) has reportedly called for an end to further regulations on hedge funds - at least for now.
According to reports, SEC chairman Christopher Cox told the Senate Banking Commission that legislation was not currently needed in the hedge fund industry, although he accepted it may be needed in future.
Newspaper reports said that Cox believes the SEC’s current anti-fraud legislation goes far enough.
His comments follow a federal court decision last year that barred SEC regulation requiring hedge funds to register with the body.
In a separate development, the SEC recently established an advisory committee to examine the US financial reporting system.
The committee has been tasked with making information more useful and understandable for investors.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.