News

BUSINESSES must work harder to improve the reputation of defined contribution schemes, the Confederation of British Industry and Mercer warned today.

Fears for investment in businesses with defined benefit schemes; B&B suffers double whammy; UK performs badly in private equity markets

ALLENBRIDGE has launched a division to provide hedge fund consultancy services to pension schemes.

PERU - Deutsche Bank has moved into Peru to expand its local presence and offer international institutional clients direct access to the market.

UK/BELGIUM - Fund of hedge fund (FoHF) manager International Asset Management (IAM) has announced it has parted company with Fortis after a full management buyout.

US - Continuing weakness in the global economy and deleveraging of the US financial system could hurt pension funds further, according to BNY Mellon Asset Management.

UK - Employers need to work harder to dispel the negative press defined contribution (DC) has attracted, despite many businesses reviewing staff schemes in recent times.

US - A multi-billion dollar damages claim issued against the Bank of New York Mellon could pose a systemic risk issue for US and even worldwide financial markets, a banking expert has warned.

THE London Borough of Barnet Superannuation Fund has gone out to tender for a actuarial adviser.

UK - A Barings study has revealed 2.3 million Brits - 5% of the UK adult population - have decided to review their pension arrangements in the last 12 months, as a result of falling property prices.