News

UK - Brevan Howard Asset Management has launched its first UCITS III fund, the Brevan Howard Absolute Return Bond Plus Fund, targeted at pension funds and other institutional investors.

The Pensions Regulator's material detriment test has strayed too far from its intended objectives and risks increasing scheme costs and restricting corporate transactions, Mercer warns.

FAILURE to promote the open market option is costing pensioners around £1.4bn a year and leaving advisers and insurers exposed to mis-selling claims, Rockingham Retirement warns.

US - The average institutional plan, including corporate, public and foundation schemes, posted end of year losses of around 25%, according to a survey by Mercer.

Brevan Howard Asset Management has launched its first UCITS III fund, the Brevan Howard Absolute Return Bond Plus Fund, targeted at pension funds and other institutional investors.

Former Credit Suisse head of transition management Graham Dixon has been appointed as a director at manager evaluation firm Inalytics.

Privatise or pensions will be cut, Royal Mail staff told; Investors turn to smaller buyout funds as mega groups face agony

Members of the Royal Mail Pension Fund could see their benefits slashed by 50% if plans to privatise part of the company are not pursued, the trustees warn.

US - Schemes and other investors have taken action against investment manager Westridge Capital Management as two principals at the firm and a broker dealer associated with WCM have been banned from trading by the National Futures Association.

O&M Systems has added a consolidated pension review report to its profiler system in a bid to help IFAs provide switching advice.