EUROPE - Europe's £3.5trn mutual fund industry will expand at a compound annual growth rate (CAGR) of about 14% per annum between year-end 2002 and 2006, outpacing the global expansion rate of 10% and the US CAGR of 9%, according to new research by Cerulli Associates.
The study covered retail and institutional fund management marketplaces in 16 countries worldwide.
Johnson Controls International has appointed XPS Pensions as investment and actuarial adviser for two of its schemes, following a competitive tender process.
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
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Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.