News

GLOBAL - Investor confidence rose 6.5 points in March, from February's revised reading of 91.8 to 98.3, State Street Global Markets said.

GLOBAL - HSBC Global Asset Management has appointed Vikramaaditya to the new position of head of business strategy.

BT has paid £505m cash into its pension scheme nine months earlier than scheduled under its deficit reduction plan.

UK - Former Gartmore star Guillaume Rambourg is looking for another role in fund management following the FSA's decision not to take any formal disciplinary action against him.

US - The funded status of the 100 largest corporate defined benefit pension plans declined by $6bn during February 2011, research by Milliman shows.

Regulatory constraints on pension funds are stifling the availability of long-term capital in the global economy, the World Economic Forum says.

UK - Schemes should steer clear of UK government bonds if they want to maintain the real value of their capital and secure a positive real income, AXA Investment Managers warns.

Schemes should steer clear of UK government bonds if they want to maintain the real value of their capital and secure a positive real income, AXA Investment Managers warns.

Lloyds Banking Group managing director Phil Loney has been appointed group chief executive of Royal London.

UK - Pensions minister Steve Webb has confirmed that a single flat-rate pension is one of a range of options that will be explored in a green paper to be published shortly.