News

Henry Boot has seen its pensions deficit rise in the first six months of this year despite implementing a raft of changes in March to limit its liabilities.

UK/AUSTRALIA - Innes McKeand has left his post as head of equities at Aegon Asset Management to move to Australia.

Innes McKeand has left his post as head of equities at Aegon Asset Management to move to Australia.

Neuberger Berman has appointed Joseph Mukungu to the newly created role of head of client services for Europe and Middle East.

JAPAN - The implementation of new accounting rules that would have forced companies to book pension fund shortfalls as liabilities on their balance sheets is to be postponed, according to reports.

Legal & General Investment Management has launched a pooled fund platform that offers pension schemes a flexible version of liability-driven investment.

JAPAN - Credit rating agency Moody's has downgraded Japan's sovereign debt rating by one notch, saying weak political leadership has hampered growth.

The Department for Work and Pensions has confirmed when employers must pay pension contributions for workers on maternity leave after confusion over the law.

SWITZERLAND - UBS is slashing 3,500 jobs as part of its cost cutting scheme with almost half coming from its investment banking business but only 10% from its global asset management unit.

US - Deven Sharma, the man who oversaw the downgrade of the US' credit rating earlier this month, is stepping down as president of Standard & Poor's.