News

INCLUDING: UK - Govt must take sensible approach to annuities; AUSTRALIA - Requirements for disclosure of short sales; UK - NAPF announces keynote speaker at trustee conference; NEW ZEALAND - Guardians help drive world-wide initiative on corporate behaviour;...

EUROPE - ETF Securities has announced the launch of Europe's first carbon exchange traded commodity (ETC), to be listed on the London Stock Exchange (LSE).

AUSTRALIA - Trustee training and education are the key issues facing the self managed super funds (SMSF) industry, the shadow minister for financial services has warned.

US - Unregulated credit default swaps (CDS), an insurance based scheme for bond and securities, have been cited as a major reason why 401(k) pension plans have suffered significant losses during the economic crisis.

Membership of personal accounts could reach 7 million people by 2040 with scheme assets topping £200bn, its annual report predicts.

BNY Mellon Asset Management is set to expand its UK pooled fund division and boost its defined contribution product offering.

Essex County Council is looking to appoint an active global equity manager to run a mandate worth between £100m and £300m.

The combined value of defined contribution pension schemes fell by £157bn over the past 12 months, Aon Consulting figures reveal.

US - General Motors Corp., saddled with US$70bn in losses since 2004 and declining sales, will eliminate more than the 5,000 salaried jobs already targeted and stop contributing to some retirement-savings plans.

Pension funds take £150bn hit; Yes, everyone really is funding pensions; Brussels begins crackdown on complex trading; Shares plunge as pound buckles; Credit markets hurt by bank debt guarantee