News

EUROPE - Equity manager RCM, a subsidiary of Allianz Global Investors, is set to launch a diversified growth fund in the first quarter that invests only in exchange traded funds.

Equity manager RCM, a subsidiary of Allianz Global Investors, is set to launch a diversified growth fund in the first quarter that invests only in ETFs.

NETHERLANDS - Dutch pension funds held €15.3bn (US$22.2bn) in direct real estate investments as of the third quarter 2009, new figures by De Nederlandsche Bank (DNB), the Dutch central bank, showed.

Electronics retail group DSG International is set to close its defined benefit scheme future accrual.

US - The underfunded pension plans of eight companies with a combined US$236.3m in assets have fallen into the Pension Benefit Guaranty Corporation in less than a month.

Around three quarters of charities have not assessed the impact of legislative changes to their pension strategy in 2012, Foster Denovo and ACEVO says.

SPAIN - Assets under management (AUM) of pension funds falling under the individual system category increased by 6.9% in 2009 to €51.6bn (US$74.8bn) largely due to positive investment returns, data from research company VDOS Stochastics revealed.

The senior editorial team at PP has passed the Pension Management Institute's Retirement Provision Certificate.

The Investment Governance Group has handed over its first consultation document to Paul Myners for feedback.

Insight Investment has shifted its socially responsible investment function to individual fund management teams following its acquisition by BNY Mellon Asset Management last year.