News

UK - Nearly half of all UK employers with defined contribution (DC) pension schemes were considering making changes to their arrangements, according to a survey by the CBI and Watson Wyatt.

Including: UK - Changes to DC schemes; AUSTRALIA - ING strategic shake up; UK - Mercer launches LDI solution; UK - Regulator workshops; HOLLAND - Goodman appoints fund manager; UK - PIMCO strengthens remarketing team; BAHRAIN - Citi appointments; IRELAND...

US - The California Public Employees Retirement System (CalPERS) has welcomed overwhelming support for its proposal to give shareholders the right to amend the by laws of the Sara Lee Corporation.

PERMAL is set to launch an emerging markets fund of hedge funds to focus on countries along the silk road.

MERCER has launched an outsourced liability driven investment solution.

THE UK individual retail pensions market is set for further consolidation, a report by Defaqto claims.

AUSTRALIA - Investec Asset Management has targeted Australia with plans to launch operations in Sydney by January 2008.

ROYAL LONDON is set to take a stake in Investment Funds Direct, the holding company behind fund supermarket Fundsdirect and the Ascentric Wrap service.

GLOBAL - Diversification in the market has lead to convergence as traditional managers look to out perform alternatives according to a study by KPMG and CREATE-Research.

RESOLUTION has withdrawn its recommendation of the £4.9bn takeover deal put forward by Standard Life after Pearl assurance increased its stake in the company and put forward a counter-offer.