News

Balanced pooled funds achieved a median return of -2.3pc in July 2008, latest CAPS figures from BNY Mellon Asset Servicing reveal.

EUROPE - The International Corporate Governance Network (ICGN), which represents the interests of pension funds and investors with US$15trn of assets, has called on the European Commission (EC) to rethink guidelines for limiting auditors' liabilities....

US/AUSTRALIA - The US and Australia have signed a landmark agreement to liberalise rules governing stock exchanges and broker-dealers, allowing them to operate in both jurisdictions without being separately regulated.

NORWAY - The market value of the Government Pension Fund-Global increased by NOK46bn (US$8.5bn) during the second quarter of 2008, stabilising at NOK1,992bn (US$367.3bn), despite negative returns.

Some 180,000 UK employees will be members of pension schemes secured by insurance companies by the end of the year, HSBC Actuaries & Consultants research reveals.

INCLUDING: UK - Hermes risk appointments; SWITZERLAND - Credit Suisse acquires majority stake in AMF; US - New Jersey given go ahead to invest in hedge funds; UK - NAPF launches Pensionsforce website

BRAZIL - Institutional investors have banded together to urge the Brazilian securities regulator, the Commissão de Valores Mobiliários (CVM), to provide greater legal protections for minority shareholders.

THE Serious Fraud Office has confirmed three men have been arrested in connection with its investigation into independent trustee firm GP Noble.

SFO investigates trustee firm; UK home to more pensioners than children; UK economic growth shudders to a halt

Pension schemes should not switch from equities into bonds in an attempt to reduce risk, former Downing Street pensions advisor Ros Altmann says.