News

UK - Companies and their investors are failing to take changes in weather patterns properly into account in their investment decisions, latest research revealed.

GLOBAL - The number of institutional investors using exchange traded funds increased 12% in 2008 with nearly 3,000 investors worldwide holding ETFs, a new report from Barclays Global Investors (BGI) showed.

NETHERLANDS - ING Investment Management (ING IM) has appointed Michel van Elk as chief executive of ING IM Europe.

CANADA - Canadian defined benefit (DB) pension funds will struggle to meet future obligations to members, according to a survey by RBC Dexia Investor Services.

GLOBAL - Lane Clark & Peacock LLP (LCP) has partnered with Spanish consultant Novaster, in a bid to expand its reach in Spain and Latin America.

HSBC Actuaries and Consultants has promoted Simon Taylor to head of corporate consultancy.

Companies and their investors are failing to take changes in weather patterns properly into account in their investment decisions, latest research reveals.

About one-third of UK schemes are looking to allocate to emerging markets in response to volatility in global markets, Barings Asset Management says.

Iron Mountain has appointed Aon Consulting to develop and implement a flexible benefits programme for its UK employees.

EUROPE - Schemes still favour equities despite market volatility, a J.P. Morgan Asset Management survey revealed.