INCLUDING: EUROPE - BNP completes first Eastern European deals; CANADA - CPP totals CAN$122.7bn; ASIA - Threadneedle opens Asian office
BNP Paribas Securities Services has announced the successful completion of its first transaction on behalf of clients in Eastern Europe. The transactions follow the creation of branches in Budapest, Hungary and Warsaw, in Poland, earlier this year. The firm said the decision to expand into Eastern Europe was a result of the rapid growth in the area.
CANADA - CPP totals CAN$122.7bn
The Canada Pension Plan results for the trading year showed the fund grew CAN$6.1bn over the previous year, but incurred a negative investment return of 0.29%, representing $303m. The fund said the rise was attributable to contributions not required to pay current benefits and the negative returns, although disappointing, were well within the long term risk and return parameters.
ASIA - Threadneedle opens Asian office
Asset manager Threadneedle has opened an office in Hong Kong and has hired James Campion as head of Asian distribution to lead the operation. The move marks a major step into the Asian market, where Threadneedle has been active for some years. The company has $125bn of assets under management.
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.