EUROPE - JPMorgan has acquired Investia's majority holding in FundsHub, Europe's first outsourced fund supermarket solutions provider, for an undisclosed sum. FundsHub's management and employees will also take an increased stake in the business.
Mark Lund, chief executive of FundsHub, said: This is a positive step forward for our business and will give a new focus and sense of independence for FundsHub after a remarkable year for the company....
Michael Bow talks to Matti Leppälä
EUROPE - The majority of European multinational companies would like to develop cross-border pensions but differing regulations among member states and uncertainty over changing European rules are giving plan sponsors pause, AEGON finds.
EUROPE - Mercer has launched a service to help trustees and other institutional investors meet their stewardship requirements.
That the third quarter was turbulent was no surprise. But recently released funding figures for pension funds and asset under management figures for asset managers have helped us crystallise the cost of the uncertainty surrounding the future of the EU...
Pension funds could soon have to bear the cost of a Europe-wide tax on equity, bonds, currency and derivative transactions, finds Lynn Strongin Dodds