News

The Department for Work and Pensions has delayed the introduction of amendments to the Employer Debt Regulations until December, it has announced.

Johnson Fleming has launched a ‘nudge' communications service in a bid to provide individually targeted communications to defined contribution scheme members.

US - CAMRADATA Analytical Services has launched a new pension risk transfer (PRT) product database for US pension plans.

UK - The onus of conducting due diligence on transition managers has shifted greatly to the asset owner, yet gaining access to managers' track records remains a problem, delegates at this month's GP's Transition Management Forum heard.

KOREA - Mercer has set up an investment management business in Korea to help local institutional investors take advantage of global market opportunities.

US - California State Teachers' Retirement System (CalSTRS) administrator Julia Durand, has been elected president of the National Association of Government Defined Contribution Administers (NAGDCA).

UK/US - Cairn Capital is to launch a Subordinated Financials fund with £39m ($60m) seed capital from the Stanhope Pension Trust and San Bernardino County Employees' Retirement Association.

GLOBAL - Emerging economies would face a systemic crisis if foreign investors, who own one-third of EM local currency debt markets, begin to pull out their cash, fund managers have warned.

UK - Advisers have welcomed plans to introduce a compulsory code of practice for insurers which is designed to encourage consumers to shop around for an appropriate annuity when they approach retirement.

AUSTRALIA/EUROPE - The head of Australia's sovereign wealth fund has launched a harsh attack on eurozone's political class, saying the bloc's debt crisis stemmed from "a failure of government to understand the nature of financial markets and to stop the...