News

TRUSTEES of the InterContinental Hotels UK Pension Plan have appointed Schroders to manage an unconstrained global equity mandate worth £20m.

Including: US - States vie for lead in Bear Sterns case; TURKEY - Oyak proposes bank merger; UK - Standard Chartered denies buyout talks

EUROPE - UK and Irish pension fund associations have spoken out about comments made in support of Solvency II being applied to the industry last week.

SWEDEN - IPM staffs up and opens Geneva, UK - Ex-FSA chair 'buys out', EUROPE - FAST Funds available pan-Europe

NORDICS - The asset management industry has to face up to back and middle office challenges brought by the rise in the volume and complexity of transactions, according to new research by BNY Mellon Asset Servicing.

PREMIER PENSION SERVICES has appointed Richard Prior as operations manager for its self invested pensions business.

Pension buy-out pricing 'not sustainable'; UK could lose millions due to pensions tax loophole; Libor benchmark dominance under threat; Schemes go radical and abandon bonds

AUSTRIA - The €2.5bn (US$3.8bn) APK Pensionskasse is about to plunge into a first hedge fund allocation with undisclosed new managers, following its increase to international property allocation two months ago, MandateWire has reported.

UK - The £1.96bn (US$3.83bn) Cadbury Pension Fund has diversified further into alternatives, awarding Blackstone and K2 Asset Management hedge fund mandates totalling 7.5% of current assets, according to MandateWire.

THE Financial Services Authority is set to introduce rules to force investors to disclose significant short positions in firms undertaking rights issues.