News

SWITZERLAND - State Street has acquired Swiss investment performance measurement and analytics firm Complementa Investment-Controlling AG.

Pensions deficits for FTSE350 companies grew by 21% in September as falling bond yields and volatile stock markets were mitigated by a reduction in interest rate projections.

Pitmans Trustees has been appointed as independent trustee to Legal & General's DC master trust.

Pension schemes will soon find themselves in gold, silver or bronze position as the Department of Work and Pensions gets into the spirit of the Olympics.

Almost 40% of workers with a final salary scheme would be reluctant to move to a new job over fears it would damage their income in retirement, Metlife Assurance research shows.

US - AQR Capital Management has launched a $100,000 annual award competition for academic papers that have the most significant practical implications for investors.

IRELAND - Irish pension funds fell in value in September due to the performance of global equity markets, research by Aon Hewitt shows.

Barnett Waddingham has been chosen by investment bank UBS to provide administration and actuarial oversight services for its longevity swaps service.

Cabinet Office minister and paymaster general Francis Maude yesterday claimed unions have no appetite for industrial action over pension reforms.

EUROPE - Europe's cental bank and even the IMF should share in the haircuts on Greek debt that seem increasingly inevitable for private bondholders,UK asset manager Schroders claims.