News

Sovereign bondholders will be relegated down creditor lists if European policymakers push through plans for a bailout mechanism, Standard & Poor's warns.

Former Tory peer Lord Skidelsky has proposed the creation of a UK investment bank to encourage pension funds to invest in national infrastructure.

Pension funds would rather sell stock than take securities class action because it is too costly and time-consuming, delegates heard.

Schroders saw institutional assets under management increase by 39% to £106.4bn during 2010, driven by strong investment performance and a range of new products.

US - Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund.

UK - Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton said.

The Independent Public Service Pensions Commission's 27 recommendations are as follows.

Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton says.

Further monetary policy tightening in China will send a strong cautionary signal to investors invested in both Chinese and emerging market equities, Standard Life Investments says.

Many employers are not prepared for auto-enrolment and remain dependant on paper-based processes to sign up new members, research shows.