News

UBS Global Asset Management has launched a strategic investment advisory team in a bid to provide schemes with portfolio advice and solutions such as fiduciary management.

Pension funds hit by asset volatility; VW takes a new DC route

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

UK - BlackRock Investment Management will transfer two real estate funds of funds worth £54.8m (US$90.4m) and €62.6m (US$93m) to Aviva Investors Global Services after the fund manager left the firm for Aviva.

US - The American International Group (AIG) has renamed its asset management and investment advisory group, which is currently being spun off, PineBridge Investments.

US - Five Ohio pension funds have filed a lawsuit against the three ratings agencies for allegedly providing strong ratings to mortgage backed securities in exchange for kickbacks from the issuing firms.

CANADA - Canada's three largest pension funds have endorsed a new action plan to help Toronto evolve into a global hub for the retirement financial sector.

UK - The discount rate used to calculate scheme liabilities in company accounts should be a risk-free rate, an Accounting Standards Board report confirms.

The East Riding Pension Fund has become the 50th fund to join the Local Authority Pension Fund Forum.

Senior correspondent Giovanni Legorano speaks to TPR employer compliance regime programme manager Charles Counsell.