News

US - A federal judge has approved a US$150m settlement between Bank of America and the Securities and Exchange Commission settling charges that the bank failed to disclose material information about its acquisition of Merrill Lynch.

NEW ZEALAND - The New Zealand superannuation fund posted returns of 1.97% for the month of January.

INDIA/US - Indian investment bank Religare Enterprises has announced a US$1bn commitment to make "strategic investments" in asset management businesses worldwide and has started by acquiring a stake in a US private equity firm.

Hermes and the Universities Superannuation Scheme have filed a request with the Enterprise Chamber of the Amsterdam Court of Appeals for an investigation over Canon's tender offer worth €730m (£642m) to buy Océ, the biggest European printer maker.

NETHERLANDS - UK investors Hermes and the Universities Superannuation Scheme have filed a request with the Enterprise Chamber of the Amsterdam Court of Appeals for an investigation over Canon's tender offer worth €730m (US$990.5m) to buy Océ, the biggest...

The Conservatives will aim to restore the health of occupational pensions, work and pensions spokeswoman Theresa May says.

UK - The Conservatives will aim to restore the health of occupational pensions, shadow work and pensions secretary Theresa May said.

More than two thirds defined contribution members are reluctant or unprepared to make active investment decisions about their pension, research by AllianceBernstein finds.

Russell Investments has been appointed to a panel of investment consultants advising the Pension Protection Fund.

Nortel tries to block claim over pensions; BAA sees red over Gatwick sale and pensions charges; BMW insures pension fund against rising life expectancy