News

RBC Wealth Management has reached an agreement to buy BlueBay Asset Management for £963m.

JAPAN - Mizuho Global Alternative Investments aims to raise ¥100bn ($1.2bn) in three years after starting this month to help Japanese pensions invest in hedge funds.

Mercer has recruited Roslin Wright to the role of client relationship manager and principal for the consultant's outsourcing business.

Timberland Investment Resources, a US-based forestry investment firm, has established a European business to provide UK schemes access to its asset strategies.

IRELAND - Demand for Irish government bonds could be boosted by between €7bn ($9.8bn) and €10bn if sovereign annuity proposals are accepted, an economist has predicted.

National lottery cash used to pay Arts Council pension deficit; No inheritance is left for the kids: it went on tuition fees; Hard to follow gains from separation; Risk-sharing will cost employees

LV= is calling for legislation to be drafted, allowing for transfers from defined benefit to defined contribution schemes to continue after 6 April 2012.

The EMI Group has narrowly avoided a hearing before The Pensions Regulator's determinations panel after agreeing a £197m funding deal with the scheme trustee.

IRELAND - The Pensions Board has prosecuted a company director for failing to pay his employee's pension contributions into an industry pension scheme.

The Pension Protection Fund has admitted 17 more pension schemes, including one belonging to failed Christmas hamper firm Farepak.