LUXEMBOURG - BNP Securities Services and Franklin Templeton have become customers of Clearstream's investment fund processing solution Vestima, which has over 10,000 funds available on the service and covers most of the Luxembourg market.
UK - Old Mutual has announced a placing of £36m new ordinary shares, arranged by Merrill Lynch International, representing approximately 1.3% of the company’s issued ordinary share capital.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.