News

UK - Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.

NEW ZEALAND - The New Zealand Superannuation fund was down 1.37% in August due to declining global equity markets.

EUROPE - The hunt for scale and lower costs through mergers and acquisitions is set to be an industry-changing trend over the next five years, State Street says.

The hunt for scale and lower costs through mergers and acquisitions is set to be an industry-changing trend over the next five years, State Street says.

BA merger closer after Iberia backs pension plan; Defined benefit pension deficits widen, warns Mercer report; Malaysian fund to snap up Visa offices

Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.

US/BRAZIL - The California Public Employees' Retirement System (CalPERS) has committed $190m to a $200m Brazilian real estate fund.

The £9.6bn Strathclyde Pension Fund has begun talks with council leaders and officers over the possibility of amalgamating the 11 Scottish local authority schemes.

Tom McPhail has written to financial secretary to the Treasury Mark Hoban in an attempt to put the "final nail in the coffin" of insurers' resistance to reform of the Open Market Option.

Legal & General Investment Management has signed up to the United Nations Principles of Responsible Investment.