News

How investors can avoid another 'lost decade'; Cash for pensions deals warning; Millions tempted into dropping final salary pensions for cash

MEXICO - Mexican bank Grupo Financiero Banorte SAB has agreed to merge its pension fund with Afore XXI, the pension fund half owned by the Mexican Social Security Institute (IMSS) and Prudential.

Mercer has promoted Michael Dempsey to head up its investment management business for Europe, Middle East and Africa.

Northumberland County Council Pension Fund has appointed Northern Trust to provide it with transition management services.

EUROPE - The UK government is understood to be prepared to shoot down proposals for a financial transaction tax being mooted by Germany and France.

NEW ZEALAND - More than half (57%) of New Zealanders believe that KiwiSaver membership should be compulsory, according to research released by the Financial Services Institute of Australasia (Finsia).

AUSTRALIA - The HOSTPLUS superannuation fund has awarded Industry Funds Management (IFM) a A$100m (US$104m) active Australian equities mandate.

The European Central Bank will dodge quantitative easing to solve the eurozone sovereign debt crisis because its mandate does not allow it, an Aegon fixed income manager says.

DLA Piper's Tamara Calvert looks at issues covered in the DWP's auto-enrolment consultation.

Government assertions that the indexation switch from RPI to CPI was based on Bank of England recommendations are political spin, a former BA trustee says.