News

The National Employment Savings Trust received more than 150 expressions of interest from asset managers hoping to manage its first five investment funds, PP can reveal.

Pension funds and asset managers belonging to the Institutional Investors Group on Climate Change will be balloted this week to assess their ethical investment performance.

Equity volatility will continue to challenge market stability this year with "mini-crises" likely to derail investment certainty, according to Allianz Global Investors Capital.

Deficits are creating a drag on scheme investment returns of about 1.2% of liabilities a year, Pension Insurance Corporation research shows.

The trustees of the £250m Sun Chemical Pension Scheme have appointed Aon Hewitt to provide administration, actuarial and pensions management services.

AllianceBernstein is to launch a range of off-the-shelf target date funds for trust and contract- based defined contribution schemes.

Deficits are creating a drag on scheme investment returns of about 1.2% of liabilities a year, Pension Insurance Corporation research shows.

UK - Goldman Sachs has bought Paternoster for £260m ($407m) but will not immediately combine the firm with its Rothesay Life subsidiary.

GERMANY - Allianz Global Investors chief executive officer (CEO) Joachim Faber has announced his intention to retire at the end of the year.

MALAYSIA - Malaysia's Employees Provident Fund, the country's biggest pension fund, plans to increase its $1bn global sukuk programme by about 50% this year to meet government-set targets.