News

GLOBAL - Institutional investment managers expect global inflation to increase and interest rates to rise in the coming months, research by Northern Trust suggests.

New trading platform cuts banks out of over the counter trades; EU rules criticised by pensions chief; pension funds underweight in global small caps; NEST lacks the "X-factor".

The Pensions Regulator has confirmed the appointment of Bill Galvin as chief executive.

The trustees of the £50m Pizza Hut Investment Plan have appointed Mercer to provide the closed scheme with implemented consulting.

Sacker & Partners has appointed Tom Jackman as a solicitor, taking its total number of pensions lawyers to 52.

AUSTRALIA - The Australian Institute of Superannuation Trustees (AIST) said super fund members affected by flooding across Australia may be able to seek early access to some of their superannuation.

Two more senior figures are to leave insurance giant Aegon UK as the company continues a restructuring programme designed to cut operating costs by 25% by the end of the year.

US - General Motors has contributed $2bn worth of shares to its US pension plans to complete a $6bn cash and shares funding plan.

DENMARK - ATP has named its deputy CIO Henrik Gade Jepsen as chief investment officer.

POLAND - Polish bonds fell for a fifth day, pushing yields on 10-year debt to a one and a half year high, on government plans to cut the portion of workers' contributions to private pensions and on bets the central bank will raise interest rates next...