News

The market is not always right so basing all investment policy on it is dangerous and bound to increase short-term thinking, Lindsay Tomlinson says.

A general lack of investment knowledge poses risks for people saving into defined contribution schemes, BlackRock says.

DENMARK - Danish pension fund managers ATP and LD could be allowed to offer banking, mortgage and insurance products under proposals put forward by the government yesterday.

EUROPE - AllianceBernstein is planning to launch a risk parity strategy for pension schemes seeking growth while minimising equity volatility.

ROMANIA - Romania's Constitutional Court has rejected opposition challenges to pension changes vital to the terms of an international bailout loan.

INDIA - A new scheme catering for workers in India's unorganised sector is looking for micro-finance loan providers to help members make their first contributions.

UK - BAA Pension Trust - the trustee of the BAA Pension Scheme - has appointed Xafinity Paymaster to provide third party administration services for their DB pension scheme covering over 20,000 members.

CANADA - The Canada Pension Plan Investment Board has purchased a 10% stake in a Toronto toll road, and its holding could increase to 40% if CPPIB's planned acquisition of Intoll Group goes through.

Neuberger Berman has launched an emerging markets equity fund as part of its UCITS III umbrella investment fund.

The Pensions Advisory Service has cut its board membership by 25% as part of a review of its operations.