News
Law
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.
14 December 2009
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Australia
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.
14 December 2009
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Cash
EUROPE - The Institutional Money Market Funds Association (IMMFA) is set to implement tighter rules for its members on maturity, credit quality, liquidity and disclosure.
14 December 2009
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Defined Contribution
Great-West Retirement Services (Europe) has withdrawn from the competitive dialogue process for personal account scheme administration services.
14 December 2009
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Defined Contribution
BP has appointed Aegon to provide it with a UK defined contribution plan.
14 December 2009
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Defined Benefit
Workers at Fujitsu will begin six days' strike action this week over work, pay and pensions.
14 December 2009
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North America
US - Morgan Stanley has hired former Merrill Lynch veteran Gregory Fleming as president of its investment management unit.
14 December 2009
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United Kingdom
UK - Hermes Fund Managers has bought a majority interest in Sourcecap International, a growth oriented, active European equity manager.
14 December 2009
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Equities
Hermes Fund Managers has bought a majority interest in Sourcecap International, a growth oriented, active European equity manager.
14 December 2009
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Defined Benefit
British Airways has reached a provisional deal with trustees over the level of its pension scheme deficits.
14 December 2009
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