News

GLOBAL - Asset managers and pension plan sponsors are putting working on putting more focus on stress testing and identifying the underlying drivers of risk and return across asset classes in a major overhaul of risk management practices, a new survey...

US/UK - A US law firm is advising European pension funds and institutional investors to opt out of the US class action against Royal Bank of Scotland and to seek damages in the UK.

AUSTRALIA - The first phase of the comprehensive review into Australia's superannuation system has steered clear of dictating investment practices, but argued that governance at super funds should be equivalent to practices at listed governance.

EUROPE - The Institutional Money Market Funds Association (IMMFA) is set to implement tighter rules for its members on maturity, credit quality, liquidity and disclosure.

Great-West Retirement Services (Europe) has withdrawn from the competitive dialogue process for personal account scheme administration services.

BP has appointed Aegon to provide it with a UK defined contribution plan.

Workers at Fujitsu will begin six days' strike action this week over work, pay and pensions.

US - Morgan Stanley has hired former Merrill Lynch veteran Gregory Fleming as president of its investment management unit.

UK - Hermes Fund Managers has bought a majority interest in Sourcecap International, a growth oriented, active European equity manager.

Hermes Fund Managers has bought a majority interest in Sourcecap International, a growth oriented, active European equity manager.