News

EUROPE - Pimco, the world's largest bond fund manager, has called on Greece, Ireland and Portugal to step outside the eurozone temporarily and restructure their debts unless the currency bloc agrees to a radical change of course.

The National Employment Savings Trust has confirmed it will offer a socially responsible investment fund for members and is inviting asset manager to bid for the mandate.

FRANCE - Fonds de reserve pour les retraites (FRR) has put a series of fixed income mandates out to tender.

CANADA - Canadian Finance Minister Jim Flaherty said he and his provincial counterparts have agreed to create "pooled pensions" which will make it easier for small companies and the self-employed to participate in registered pension plans.

SPAIN - Spain needs an "urgent" overhaul of its pension system and may have to raise taxes to tame the euro-region's third-biggest deficit and avoid a jump in corporate borrowing costs, the Organisation for Economic Cooperation and Development said.

Legg Mason; VicSuper; CalPERS; First Allied Securities; GLG Partners; State Street Corporation.

EEF calls for delay on retirement age changes; Benefits of developing investment beliefs

Nearly a quarter of UK businesses have not yet considered the implications of auto-enrolment on their schemes, Aon Hewitt research reveals.

UK - Gartmore has confirmed it has received a takeover bid from Henderson Global Investors.

Royal Bank of Canada has completed its £963m acquisition of UK-based BlueBay Asset Management.