News

UK - Pension funds and other institutional investors have been wary of rushing into making significant changes to their portfolio, a report by the Investment Management Association reveals.

SWITZERLAND/SAUDI ARABIA - UBS is set to start financial and securities business activities in Saudi Arabia, following the authorization of Riyadh's Capital Market Authority.

The aggregate funding position - total assets minus total liabilities - of defined benefit schemes has worsened during the last month, the Pension Protection Fund says.

The £14m Jotun Paints (Europe) Limited Pension Scheme has appointed SEI as fiduciary manager in a bid to improve the funding status of the pension scheme.

Pension funds and other institutional investors have been wary of rushing into making significant changes to their portfolio, a report by the Investment Management Association reveals.

RSA Insurance Group and its UK pension schemes' trustees have insured £1.9bn of the schemes' liabilities with Goldman Sachs.

Pension trustees face struggle to deliver; Resolution in takeover move for Friends Provident

UK - Friends Provident has categorically rejected an acquisition proposal by Resolution, a bid vehicle set up by entrepreneur Clive Cowdery to target UK insurers and asset managers.

Media group Archant has proposed to cap its final salary scheme in order to reduce a deficit of £43m.

Engineering company TRW has proposed to shut its final salary scheme to future accrual for existing members.