News

CZECH REPUBLIC - The Czech Republic's debt rating may be raised if the new government follows through on pledges to reduce spending, including an overhaul of the pension system, Standard & Poor's said.

The state pension age should be hiked to at least 70 by the mid-2030s if concerns over the impact of rising longevity are to be allayed, industry experts say.

Mercer has appointed Sathish Ramdayal to head up a new Edinburgh-based financial strategy group.

AUSTRALIA - The Australian Prudential Regulation Authority (APRA) has released a response paper and prudential practice guides (PPGs) for superannuation trustees covering capital, risk management, adequacy of resources and fitness and propriety.

UK - Commerzbank is due to bring its ComStage ETF range to the UK in September.

Standard Life has seen net corporate business inflows increase by 64% in the first half of the year.

UK/CANADA/ASIA - Standard Life has seen net corporate business inflows increase by 71% in the first half of the year.

Politicians and bankers are the least trustworthy professionals according to the British public.

UK - Rumours are escalating in the City that fund manager Gartmore could be ripe for a takeover approach, as its share price languishes more than £1 below its December 2009 flotation price.

Rumours are escalating in the City that fund manager Gartmore could be ripe for a takeover approach, as its share price languishes more than £1 below its December 2009 flotation price.