News

THOMPSONS Solicitors has introduced online total reward statements for its staff in conjunction with Thomsons Online Benefits.

AUSTRALIA/ NETHERLANDS - Hermes Equity Ownership Services (EOS) has been awarded three mandates totalling £1.76bn (US$3.56bn).

FINLAND - Private sector pension insurer Pension Fennia has increased its market share to 10.6%, up from 10.2% the previous year.

THAMES River Multi-Capital has appointed FOUR Capital Partners to manage UK equities for a number of its funds.

EUROPE - European fund of hedge funds (FoHF) are increasingly being used by institutional investors, because confidence in FoHFs investments has risen, according to a report by Fitch Ratings.

GPs pensions are set to rise after the British Medical Association won its legal challenge against the government.

US - The New Hampshire House committee has approved a bill to change the state employees' retirement system.

UK - Merseyside Pension Fund has appointed UBS Global Asset Management to manage a US equity contract, according to MandateWire.

AUSTRALIA - Just over half of employed Australians (51%) would prefer some of the government's promised tax cuts to go into superannuation funds, according to research from Roy Morgan.

GLOBAL - While the effects of the sub-prime crisis and credit crunch rumble on in the world's financial markets, some 65% of the pension funds surveyed in this month's Global Pensions 100 Panel have claimed they will "sit tight and ride out the storm"....