News

FRANCE - Crédit Agricole Structured Asset Management (CASAM) has launched 10 new ETFs products on Euronext, increasing the total number of ETFs it has launched in 2008 to 21.

AUSTRALIA - Senator Nick Sherry, minister for superannuation and corporate law, has urged Australians to find lost superannuation accounts.

FTSE100 pension schemes have seen asset values slump by £65bn during 2008, research by Deloitte reveals.

TRUSTEES of the HBOS Final Salary Pension Scheme have asked a court to delay the takeover of its sponsoring employer by Lloyds TSB.

UK - Defined benefit (DB) pension schemes operated by small businesses are now virtually extinct with 91% closed to new entrants, an Association of Consulting Actuaries (ACA) survey shows.

UK - Trustees of the HBOS Final Salary Pension Scheme (FSPS) have asked a court to delay the takeover of its sponsoring employer by Lloyds TSB.

GLOBAL - Crédit Agricole Structured Asset Management (CASAM) has launched 10 new ETFs products on Euronext, increasing the total number of ETFs it has launched in 2008 to 21.

US - The Pension Benefit Guaranty Corporation (PBGC) has hired three managers to manage a combined US$2.5bn in private equity and real estate assets.

GLOBAL - Citigroup has become the latest investment bank to lose senior members of its transition management (TM) business as investment consultants Mercer claim pension funds are now favouring the security of the asset management model.

CITIGROUP has become the latest investment bank to lose its UK transition management team as investment consultants Mercer claim pension funds are now favouring the security of the asset management model.