Plunging equity markets have wiped out all gains made by pension schemes from balanced pooled funds in the last year, BNY Mellon figures show.
Balanced pooled funds returned -12% in Q3, destroying all gains made over the previous three quarters for the one year period up until September 30. Returns from the start of Q4 2010 to the end of Q3...
Balanced pooled funds ended their run of positive quarters with a negative return of -8.9% for Q2 of this year, statistics show.
EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.
GERMANY - Deutsche Bank has set up a pension asset-pooling vehicle in Luxembourg aimed at its employees' pension assets and at other companies' funds.
Balanced pooled funds posted a median return of 18.4% in the third quarter of 2009, latest pooled pension fund performance results from BNY Mellon Asset Servicing reveal.
AUSTRALIA - Aviva Australia has launched an integrated separately managed account for superannuation investors in a bid to take advantage of increasing interest in self-managed accounts.