News

The Serious Fraud Office has launched a high level review of the potential dangers posed by ETFs, weeks after the FSA and Bank of England expressed their own concerns.

UK - Cardano has made four additions to its client team, hiring staff from rival consultancy firms P-Solve, Towers Watson, Mercer and Aon Hewitt, to meet increased client demand.

EUROPE - M&G Investments has closed its Real Estate Debt fund with €343m ($491m) of institutional investor commitments.

Cardano has made four additions to its client team, hiring staff from rival consultancy firms P-Solve, Towers Watson, Mercer and Aon Hewitt, to meet increased client demand.

Friends Life has announced some jobs may be at risk as it closes its Basingstoke office and consolidate its two Manchester offices by the end of 2012.

SWEDEN - Swedish pension buffer fund AP4 is looking for up to three passive global equity managers.

The Labour opposition should have come up with a solution to help women disproportionately hit by the rise in the state pension age to 66 by 2020, pensions minister Steve Webb says.

UK - Legal & General Investment Management (LGIM) has appointed Aberdeen Asset Management's Nick Griffiths as head of global rates.

The only way to reduce UK public debt to pre-crisis levels is to increase state pension age to 70 by 2046 and implement a further £20bn of spending cuts, PwC says.

A freezing order blocking pension ‘unlocking' companies moving more than £1m worth of assets abroad has been secured by Dalriada Trustees.