News

MALAYSIA - The Malaysian government plans to conduct a full review of institutional investment strategies to see if any changes could lead to a more robust local economy.

Infrastructure fund managers are focussing their investment strategies on transport and energy sectors, research shows.

The proposed changes to pension input periods are "appallingly drafted" and will lead to further confusion over pension tax, experts have warned.

An independent employee benefits consultancy, specialising in delivering advice in person, has been launched.

Publisher Emap International has appointed Aon Hewitt to provide risk benefits, private medical insurance and consulting and broking services for its employees.

US/UK - BP , whose share price has dropped 29% since last year's Gulf of Mexico oil spill, will face opposition from two of the US's largest pension funds at the company's annual general meeting tomorrow.

Proposed European Union plans to make scheme funding rules uniform across member states could force UK firms to pay off deficits faster, Towers Watson warns.

Unilever announces end to final-salary pension scheme; Final salary pensions do not have to be consigned to history; Prudential admits £4m mistake affects 39,000 savers; Retirees forced to stay in work as affordability bites; Older workers delay retirement...

EUROPE - APG and Australian property firm Goodman have joined forces as part of a consortium making a €1.2bn ($1.7bn) bid for ProLogis European Properties.

Former Aviva Investors chairman Philip Scott will be the next president-elect of the Council of the Institute and Faculty of Actuaries.