News

EUROPE - Almost three quarters of European fund managers fear the new Key Investor Information Document (KIID) will increase costs, research by KNEIP has found.

PGGM CIO quits; Threadneedle; AXA; KKR; State Street; EFAMA; Begbies Traynor Group; Amundi

A benchmark portfolio with an 8.5% allocation to gold suffered 5% lower losses during the financial crisis than one not holding gold, research published by the World Gold Council (WGC) suggests.

Pension firms 'take up to 80 per cent of contributions in fees'; BBC unions suspend strike

Strikes at the BBC set to disrupt coverage of the Conservative party conference have been called off following an improved pension offer from the broadcasting giant.

Some 80% of finance directors, trustees and pensions managers fear an increase in the number of enquiries as a result of tax relief changes, Punter Southall research reveals.

US - The California Public Employees' Retirement System (CalPERS) says new rules governing the registration of placement agents will improve the transparency in the fund's investment process.

ROMANIA - Romanian private pension funds continued their strong investment performance with both pillars posting double-digit returns over the first three quarters of 2010.

The trustee of the £460m Cookson Group Pension Plan has appointed BlackRock as fiduciary manager.

US - The catalyst for the "flash crash" on 6 May was a single trade by an institutional investor who sold $4.1bn of index futures, according to a new report released by US regulators.