News

Trustees who breach tough new data protection powers could face fines of up to half a million pounds, lawyers warn.

GLOBAL - The CFA Institute and the UK Investment Performance Committee (UKIPC) have unveiled new GIPS standards that will require fair value reporting of hard to value assets and more in-depth reporting of risk within an investment strategy.

The CFA Institute and the UK Investment Performance Committee have unveiled new GIPS standards that will require fair value reporting of hard to value assets and more in-depth reporting of risk within an investment strategy.

UK - Readers Digest UK has plunged into administration after The Pensions Regulator vetoed an agreement to settle its long-standing pension scheme liability.

US - Food giant Kraft has announced it will freeze its US pension plans for current salaried and non-union hourly employees from December 31, 2019, according to Securities and Exchange Commission filings.

IRELAND - The union representing Allied Irish Banks (AIB) employees is balloting staff on whether some members of AIB defined benefit scheme should start making contributions to the plan, an Irish Bank Officials' Association (IBOA) spokesman confirmed....

Readers Digest UK has gone into administration after The Pensions Regulator vetoed an agreement to settle its long-standing pension scheme liability.

UK - Jack Inglis, chief executive officer of institutional asset manager Ferox Capital Management is to leave the convertible bond specialist he joined in 2007.

US - Alternatives manager Fortress Investment Group has expanded into the traditional bond arena with its purchase of fixed income shop Logan Circle Partners for US$21m in cash.

The Institute of Actuaries has chosen Jane Curtis as president-elect.