News

GLOBAL - The focus of transition management activities has shifted from operations to risk management, thanks to the increasing role technology plays in the sector, according to BNY ConvergEx.

GLOBAL - An insurance product to protect DB sponsors against the cost of pensioners living longer than expected has been launched by Pension Corporation.

PENSION CORPORATION has launched a insurance product to protect defined benefit pension funds and their sponsors against the cost of pensioners living longer than expected.

UK - Mike O'Brien, minister for pensions reform, has said the trustees of the personal accounts delivery authority (PADA) are considering offering an ethical investment option for personal accounts to be introduced in 2012.

JLT Benefit Solutions is to launch its own online benefits platform following its hire of a team of seven senior staff from Orbit Benefits.

ASIA - FRM opens offices in Hong Kong and South Korea; US - Northern Trust expands reporting tools; GLOBAL - HSBC rebrands asset management business; UK - Former Mercer staffer returns

The Raising Standards of Pensions Administration has been working with The Pensions Regulator to help create a scheme data standard.

MERCER has rehired Jon Exley from Barclays Capital in a bid to strengthen its financial strategy group.

GERMANY - Allianz Global Investors (AGI) Kapitalanlagegesellschaft has launched a 'one-stop shop' for company pension provision, providing investment, administration and a general trustee solution from a single source.

FRANCE - The European Commission (EC) has launched an investigation into the way France Télécom's pension scheme for state employees was financed following its privatisation in 1997.