News

US/CANADA - McGraw-Hill, owner of ratings agency Standard & Poor's, has agreed to divide itself into two separate entities following demands from shareholders including the Ontario Teachers' Pension Plan.

UK - Almost one in five pension schemes currently delegate investment decision making to a third-party provider, analysis shows.

Three quarters of institutional investors are looking for greater liquidity in their hedge fund investments following the financial crisis, research by Preqin shows.

Almost one-in-five pension schemes currently delegate investment decision making to a third-party provider, analysis shows.

The aggregate funding deficit of schemes in the PPF 7800 index shot up by 75% in the month of August pushing funding levels below 90%, latest figures show.

Labour leader Ed Miliband booed by unions over strike 'mistake' comment; Miliband warns unions of need for change

Young workers face a retirement age of 72 or older, according to analysis by PwC.

A group of MPs charged with scrutinising cuts to the Department for Work and Pensions has said it is still concerned the project is too ambitious.

CANADA - The Caisse de dépôt et placement du Québec has invested C$200m ($201m) in local insurer Industrial Alliance, Insurance and Financial Services as part of its strategy to invest more heavily in Québec-based companies.

GLOBAL - Three quarters of institutional investors are looking for greater liquidity in their hedge fund investments following the financial crisis, research by Preqin shows.