News

Hewitt Associates has promoted Yvan Legris to co-president of its consulting business.

The Investment Management Association has urged the government to consider the wider policy implications if pension liabilities are discounted using the risk free rate.

GLOBAL - Most equity markets showed losses in Q2 2008, with international equities outperforming US equities by 40 basis points, Mercer's latest Defined Contribution Universe Summary has revealed.

Capita Hartshead has been re-appointed as Experian's administration provider for the next five years.

Cheshire County Council has awarded a £127m fixed income mandate to Goldman Sachs Asset Management.

Buy-out firms are told that transparency holds no fears; Pension investors turn against property; IMF: Credit crunch losses to hit $1trn; Merrill Lynch bids to raise $8.5bn as it faces further writedowns; KKR Dutch fund soars after listing moves

Standard Life has launched an online service to assist independent financial advisers with retirement planning.

AUSTRALIA - Superannuation minister Nick Sherry has urged Australians to focus on the medium to longer term rate of return from their superannuation funds, in a response to looming negative results for 2008.

MIDDLE EAST - Pension funds are increasingly demanding investment opportunities in the Gulf region, a survey by exchange traded funds provider Lyxor has shown.

GLOBAL - The financial community needs to agree a common set of terms for the burgeoning environmental and responsible investment (RI) sector if it is to achieve its full potential, AXA Investment Managers (AXA IM) has warned.