News

GLOBAL - UBS is understood to be reviewing the role of its director of transition management, Jody Windmiller, as part of a general restructure.

UK - Jessop Fund Managers (JFM) has awarded two mandates to BNY Mellon Asset Servicing (BNY MAS) to provide fund accounting, transfer and administrative services for the Jessop Personal Pensions Unit Trust (PPUT).

FRANCE - Société Générale has posted its third quarter results, showing sub-prime related losses and poor performance as a result of the turbulent summer in the asset management division, but an over all increase in assets under management.

UK - The differences in pension benefits among senior employees are being overlooked by HR directors, according to a report from Watson Wyatt.

HUMAN resources directors are "living in ingnorance" about the differences in pension benefits of their senior employees, Watson Wyatt warns.

CANADA - bfinance has opened an office in Toronto, under the leadership of Peter Wright.

THE Eaton-Williams Group Pension and Assurance Scheme has hired HSBC Actuaries and Consultants to provide it with a range of services.

NORWAY - The Government Pension Fund - Global is expected to grow from current value US$350bn to $600bn by the end of 2010.

PENSION Capital Strategies and Tactica Assurance have teamed up to offer schemes an investment product to guarantee scheme liabilities over a ten-year period.

CANADA/NEW ZEALAND - The Canada Pension Plan Investment Board (CPPIB) plans to make another partial takeover offer to all shareholders of Auckland International Airport Limited (AIAL).