News

Multi-asset investing has fallen out of favour with pension schemes "for no good reason", Newton Investment Management claims.

West Midlands Pension Fund chief pensions officer Mike Woodall is to retire in September after more than 14 years with the scheme.

Alberta schools and teachers' unions have come to collective agreements to address a $2.1bn pensions shortfall built up prior to 1992.

AUSTRALIA - The government has commenced consultation with a range of industry organisations and practitioners about practices in self managed superannuation funds (SMSFs).

Bank of Ireland Asset Manage-ment has launched three enhanced cash funds.

AUSTRALIA - Crédit Agricole Asset Management Group (CAAM Group) has launched a separate Australian business following its successful opening of an office in Sydney.

Aberdeen Asset Managers has launched three core-plus fixed income funds benchmarked to traditional UK indices.

Work and pensions secretary James Purnell is to launch a study into the impact of means-tested benefits on personal accounts.

UK - Deutsche Bank's exchange traded fund (ETF) subsidiary, db x-trackers, has announced the launch of two products aimed at institutional investors, offering exposure to emerging and frontier markets.

Westfield Health has launched a new health cash plan that is designed to meet the needs of employers who operate a flexible benefits scheme.