News

CHINA - Anthony Bolton will return to funds management and has committed to at least two years running Fidelity's new China fund.

Friends Provident has won the Gold Standard Award for Group Pensions.

Pensions minister Angela Eagle was forced to defended the government's anti-forestalling regulations after Robin Ellison said they will cause the tragic disintegration of occupational pensions.

BMI cuts 600 jobs and final salary pension; Vodafone to close pension scheme to 4000 workers

The Institutional Shareholders' Committee code on the responsibilities of institutional investors - which will be converted into principles of stewardship, ratified and sponsored by the Financial Reporting Council, as a result of the Walker review - is...

Institutional investors will have to sign up to a stewardship code as part of Sir David Walker's reforms on bank pay and governance as shareholders.

US - Alternatives manager Apollo Global Management announced it received US$750m from a US public pension fund to create a separately managed account (SMA), and said it expects institutional interest in SMAs to continue to grow.

AUSTRALIA - Superannuation fund QSuper has allocated US$100m to a global fixed income fund run by Australian money manager QIC.

IRELAND - Aviva Investors is set to shut down most of its Irish operations, leaving only a service centre in Dublin.

UK - Low governance levels among companies could lead to the next financial crisis, Treasury financial services secretary Paul Myners says.