News

Fauchier Partners, the institutional fund of hedge funds owned by BNP Paribas, has said the tripling of a withdrawal period on one product allows it to invest in a wider range of underlying managers.

The narrowing spread between yields on corporate bonds and gilts led to falling discount rates and soaring liabilities last year, JLT Pension Capital Strategies says.

EUROPE - Gearing equity mandates towards outperforming quarterly benchmarks could be undermining attempts to improve long-term investing, Aviva Investors says.

Actuary and consultant HamishWilson has strengthened its team with three hires.

Just 2% of retirees in the UK will have enough money to meet the government's new minimum income requirement and use flexible drawdown arrangements, research shows.

EUROPE - Yves Mersch, governor of the Banque centrale du Luxembourg and member of the European Central Bank council has warned Europe's banks they would not be rescued a second time.

The Pension Protection Fund has updated its valuation assumption guidance for s179 and s143 valuations to better reflect pricing in the bulk annuity market.

US - Goldman Sachs misled clients and Congress about the firm's investments in securities tied to mortgages, a report by the US Senate has found.

Prudential has won its High Court dispute with members of its pension scheme over changing the basis on which it granted discretionary increases to pensions in payment.

KAZAKHSTAN - BTA Bank is to merge two pension funds with a company managing pension assets to create the country's second largest retirement plan.