News

MALAYSIA - Aberdeen Asset Management has hired Suhaila Suboh as Asian fixed income strategist and plans to expand the Asian debt team in Kuala Lampur, the firm said.

The union-based Visteon pension legal challenge, which accuses Ford of providing employees with misleading pensions advice, will be heard in October or November next year.

Union members at Severn Trent Water have staged a demonstration at the company's Annual General Meeting over plans to close its £1.2bn defined benefit scheme.

NETHERLANDS - Pensioenfonds Zorg & Welzijn returned 0.4%, while Stichting Pensioenfonds ABP was up 0.8% for the second quarter.

NETHERLANDS - J.P. Morgan Worldwide Securities Services has just completed a $12.5bn transition of pension manager APG's emerging markets portfolio, and been named custodian of those assets, the firm said.

Local government pension schemes will be free to reform the fund and deliver savings to government without imposing a 3.2 percentage point increase on employees' contributions, PP understands.

Concerns about risk and governance are driving the majority of trustees to review or change their pension schemes, a BlackRock poll reveals.

Providers of European Exchange Traded Funds can double their funds' stated management fees through ancillary activities such as securities lending, other enhancements and trading activities, research says.

The Nortel/Lehman appeal case with The Pensions Regulator begins on Monday in the Court of Appeal, but sources predict it is destined for the Supreme Court.

The government will slow the pace of the 3.2 percentage point increase in employee contribution by phasing it in gradually over three years, Danny Alexander confirms.