News

NEST Corporation has revealed the members of its employer and scheme member panels.

Unilever warned against pension closure; Gay couple win equality over pension benefits;

The Swiss franc has fallen 9% against the euro after the Swiss National Bank (SNB) said it was setting a minimum exchange rate against the single currency.

Mercer has appointed Jamie Willis as a partner as part of the expansion of its retirement practice across London and the South East.

Proposals to implement a new LGPS with lower accrual rates could be used as a short-term fix to generate millions of pounds in savings required from the scheme by Treasury next year.

Punter Southall has launched a tool to assess the cost implications for employers still undecided on how best to implement auto-enrolment.

FRANCE - Natixis Global Asset Management (NGAM) has acquired a controlling interest in investment advisory firm Darius Capital Partners.

CANADA/UK - The Ontario Municipal Employees Retirement System (OMERS) has closed on its previously announced acquisition of V.Group for $520m.

EUROPE/US - Hermes BPK Partners, the hedge fund investment arm of institutional manager Hermes, is to support and seed hedge fund businesses as the climate for start-ups in the $2trn industry re-emerges.

SWEDEN - Första AP-fonden (AP1) returned SEK 3bn ($463bn) after expenses in the first half of 2011, representing a return of 1.4%.