News

US - The Federal Home Loan Mortgage Corporation (Freddie Mac) has won the dismissal of a putative class action securities lawsuit from pension funds who believed the company misled shareholders about financial risks.

GLOBAL - Local currency emerging market debt (EMD) will continue to outperform other asset classes as few others can offer comparable returns from income, capital gains and FX appreciation, Baring Asset Management believes.

DB Advisors could win up to $12bn (£7.4bn) in money market fund assets from rival Standard Life Investments after SLI's withdrawal from the sector over regulatory concerns.

UK - The government could be forced to subsidise the National Employment Savings Trust to the tune of £379m ($606m), European Commission documents show.

US - A Pennsylvania pension fund has accused officials at Cephalon of "failing to act" in the best interests of investors regarding a $5.7bn buyout bid by rival Valeant Pharmaceuticals International.

EUROPE - DB Advisors could win up to $12bn ($17bn) in money market fund assets from rival Standard Life Investments after SLI's partial withdrawal from the sector over regulatory concerns.

The planned single-tier state pension will be at least £155 if the reform is introduced by the end of the parliament in 2015/16, forecasts show.

The government could be forced to subsidise the National Employment Savings Trust to the tune of £379m, European Commission documents show.

Deafblind UK has joined The Pensions Trust's multi-employer defined contribution Flexible Retirement Plan.

SWEDEN - AP4 has agreed to sell half its shares in property manager Dombron Stakeholders to pension provider AMF for SEK400m ($63m).