News

NETHERLANDS - ABP's recovery plan risks job losses and will cost the Dutch government over €500m (US$662m) a year, the ministry of home affairs and kingdom relations has warned.

GLOBAL- Global asset managers have invested over US$300bn in sustainable investment assets in emerging markets, Mercer and the International Finance Corporation report.

Barclays is in exclusive talks with private equity firm CVC Capital Partners over the sale of its exchange traded fund business iShares, a source familiar with the deal says.

KPMG has appointed law firm Wragge & Co to advise the trustees of its two pension schemes.

The Pension Protection Fund has reminded schemes the deadline for levy data submission is approaching.

Mercer has entered into a strategic alliance with the Staffcare flexible benefits technology platform to support its employee benefits and total rewards administration business.

B&B pension boost for ex-chief; Switching to gilts is short-sighted; Hermes in funds pact on private equity cash; Hermes returnee; M&S revolt becomes a very low-key affair

Scheme deficits have suffered high volatility following the introduction of quantitative easing earlier this month, Towers Perrin says.

US - Scott Eston, chief operating officer at asset management firm Grantham, Mayo, Van Oterloo, retires today after 12 years at the firm.

US - A Government Accountability Office (GAO) has found most schemes have made large changes to their plan design over the past ten years.