News
Ireland
IRELAND/US - State Street Global Advisors (SSgA) has completed its acquisition of Bank of Ireland Asset Management (BIAM) for approximately €57m ($79m) including net assets of an estimated €14m.
10 January 2011
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Europe
EUROPE - The European Insurance and Occupational Pensions Authority (EIOPA) held its first meeting today, confirming the membership of its newly elected Management Board.
10 January 2011
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US
US - New Jersey Senate President Stephen Sweeney proposed ending automatic pension raises for employees and attempting to make current workers pay more to preserve a 9% benefits increase enacted in 2001.
10 January 2011
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Australia
AUSTRALIA - The A$18bn ($17.8bn) REST Industry Superannuation fund has hired State Street Corporation to provide custodial services.
10 January 2011
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United Kingdom
UK - A new online tool allows trustees to assess their current levels of scheme governance against 200 other DB schemes.
10 January 2011
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Global
Illinois Teachers' Retirement System; KPMG; Putnam Investments; SEI; Threadneedle; Mercer.
10 January 2011
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Industry
Strike action over defined benefit scheme changes at pharmaceutical giant AstraZeneca is over after members of the GMB union voted to end the dispute.
10 January 2011
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US
US - A coalition of seven public pension systems has called on the boards of major US banks to immediately undertake independent examinations of the banks' mortgage and foreclosure practices.
10 January 2011
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Global
GLOBAL - International investors have accused Fortis NV of providing misleading information about the company in the run up to its collapse.
10 January 2011
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Industry
Allowing members to pay the annual allowance charge from their pension pot could be "chaos" without clear guidance on the process, Sackers says.
10 January 2011
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