EUROPE - Pension fund solvency ratios in the UK, the Netherlands and Germany have fallen over the first half of 2008, a study by Lehman Brothers has revealed.
UK - PIMCO has issued a report exploring whether liability driven investment (LDI) is best viewed as an active or passive strategy.
US - Telecoms giant AT&T agreed to a US$16m settlement in a class action case brought against the company by retirees.
GLOBAL - MSCI Barra announced today it has launched the MSCI Global Currency Indices.
US - Institutional investors paid 15% more in commissions to brokers for the trades of international stocks last year, as strong global equity markets attracted investor assets and generated new levels of trading activity.
US - Law firms Holzer Holzer & Fisteland LLC and Statman, Harris & Eyrich LLC have announced they are they are investigating allegations of violations of the Employee Retirement Income Security Act by UBS AG.
Trevor Matthews has joined Friends Provident as its chief executive.
Pension fund solvency ratios have fallen during the first half of this year, research by Lehman Brothers reveals.
UK - Debate and action on saving defined benefit (DB) pensions can no longer be deferred, according to the Confederation of British Industry (CBI).
The UK's three million defined benefit pensions are at greater risk of being wound-up early or bought out due to excessive regulation, industry experts warned today.