News

Scheme funding levels fell by 1.5 percentage points over the second quarter, Investment Solutions research reveals.

UK - The number of pension funds retendering their investment consultant services fell sharply in 2010 from a high of 5.2% of funds in 2009 to 3.5% last year, research suggests.

Mercer has created a new global chief investment officer role within its growing investment management business.

JLT Benefit Solutions has confirmed it has appointed J.P. Morgan Asset Management head of UK institutional business Peter Ball.

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).