News

GLOBAL - Mercer has created a new global CIO role within its growing investment management business.

The Supreme Court has dismissed the Department for Work and Pensions appeal in the long running Bridge v Yates case.

GLOBAL - Investor confidence rose by just 2.2 points in July from June's revised level of 98.9, research by State Street shows.

POLAND - Superannuation fund-owned infrastructure manager Industry Funds Management (IFM) will increase its market share in the Polish district heating sector to 25% after one of its subsidiaries completes a purchase of Warsaw-owned assets.

US - George Soros is set to retire from managing money for outside investors after more than 40 years running hedge funds, citing Washington's increased oversight of the once unregulated industry as a primary reason behind his returning external money...

LATIN AMERICA - Dutch firm ING Groep has agreed to sell its Latin America pension and life insurance business for €2.7bn ($4bn) to Colombian firm Grupo de Inversiones Suramericana (GRUPOSURA).

UK - PZ Cussons has conducted a £2.4m ($4m) enhanced transfer value exercise after its UK defined benefit schemes moved into surplus.

A maritime union has called on the government to broaden auto-enrolment legislation to include seafarers and offshore workers who are excluded from the law because they are not "ordinarily resident" in the UK.

A £3m rescue package for the Visit London section of the British Tourist Board pension scheme has been agreed after the intervention of The Pensions Regulator.

PP conducted an online poll asking whether the government should hold fire on proposals forcing schemes to make adjustments to benefits to compensate for the effects of unequal GMPs. Here are the results.