News

Shock inflation rise hits hopes of early rate cut; New Resolution delay; Hargreaves Lansdown predicts ISA slowdown; Credit Suisse reports record profits

NETHERLANDS - Life insurance company De Eendragt Pensioen NV has awarded Lehman Brothers a mandate worth up to €100m (US$145m).

MIDAS CAPITAL is set to merge with iimia MitonOptimal and list on the London Stock Exchange.

THE £2bn Avon Pension Fund is looking for multi-managers to run two specialist active property portfolios worth a total of £250m.

CANADA - Members of the Kerry (Canada) Inc pension scheme have secured an appeal against last year's ruling which favoured the employer's running of the retirement scheme.

EMPLOYERS and trustees must ensure that they are paying the lowest possible Pension Protection Fund levy before voluntary certification deadlines, Wragge & Co urges.

EUROPE - Ambitious proposals from the European Commission (EC) to tackle climate change, including a 20% reduction in EU greenhouse gas emissions by 2020, will provide pension funds with the impetus to invest in renewable energy.

GLOBAL - Worthwhile investment opportunities for pension funds in certain high quality mortgage backed securities (MBS) products could be being overlooked due to investor aversion to sub-prime MBS, experts have claimed.

AUSTRALIA - Credit Suisse Asset Management Australia is partnering with Julius Baer Investment Management (JBIM) in the US to provide clients direct and exclusive access to JBIM's global equity products.

US - Indianapolis Mayor Greg Ballard has urged the state to take over the city's police and fire pension obligations, as a way to deal with the impacts of legislation to cap property taxes.