News

Japanese fund house Chuo Mitsui and Standard Life Investments have partnered to cross-manage funds worth $2.2bn (£1.4bn).

AUSTRALIA - Businesses are growing increasingly concerned that they will be forced to fund another A$23bn (US$20.5bn) in compulsory superannuation payments.

AUSTRALIA - Australia's biggest Super funds have returned an average of just 4.5% a year over the past decade as a result of the global credit crisis, figures reveal.

US/UK - BNY Mellon Asset Management co-head and vice chairman Jon Little will leave the firm to join hedge fund Kedge Capital, a London-based alternatives firm.

A legal battle over part-time judges' right to a pension from the Ministry of Justice has been referred to Europe for a final ruling.

UK/EUROPE - A legal battle over part-time judges' right to a pension from the Ministry of Justice has been referred to Europe for a final ruling.

Babcock International has appointed Northern Trust to provide £2bn in global custody, transition management, investment accounting and performance measurement services for the group's pension fund assets.

Treasury plans to curb the annual allowance to about £40,000 rather than slash tax relief for high earners have been backed by the industry.

Scottish Life, the pensions division of Royal London, has seen new business increase by 62% to £1.1bn in the six months ending June 30.

JLT Benefit Solutions has appointed former Paternoster chief executive Mark Wood as non-executive chairman.