INCLUDING: CANADA - Head of active equity investment team appointed; UK - JPMorgan named custodian for ICI fund; UK - New oil ETCs to be launched; SWITZERLAND - Credit Suisse Group announces Q2 results.
CANADA – Head of active equity investment team appointed
State Street Global Advisors (SSgA) has appointed Dawn Jia to head of the active and enhanced equity team for its business in Canada. She will report to Peter Lindley, head of investments at SSgA in Canada.
UK – JPMorgan named custodian of ICI fund
JPMorgan Worldwide Securities Services has been appointed custodian for the ICI Speciality Chemicals Pension Fund.
In addition to custody, JPMorgan will also provide investment accounting services to the £400m fund.
UK – New oil ETCs to be launched
ETF Securities has revealed it will list six new oil Exchange Traded Commodities (ETCs) on the London Stock Exchange for the first time.
This will allow investors to gain direct exposure to one, two and three year oil futures prices in Brent and WTI oil benchmarks.
SWITZERLAND – Credit Suisse Group announces Q2 results
Credit Suisse Group has reported net income of CHF3.2bn for the second quarter of 2007. The group said income from continuing operations increased 70% from the same period a year earlier.
In this week's Pensions Buzz, we want to know if The Pensions Regulator (TPR) is taking the right approach by naming and shaming schemes which breach their auto-enrolment (AE) duties.
Raised over £167,000
There is still time to make your nominations for the PP Women in Pensions Awards 2018. Find out more here…
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.