News

CANADA - A proposal to merge Montréal Exchange (MX) and Toronto Stock Exchange (TSX) has been met with calls for a public hearing by pension fund Caisse de dépôt et placement du Québec.

UK - Prime minister Gordon Brown has told parliament he expects the government will be able to guarantee 90% of the pensions lost as a result of company schemes collapsing.

NORWAY - Norges Bank Investment Management (NBIM) has appointed Yngve Slyngstad to succeed Knut N Kjær as its executive director.

RANK GROUP is set to transfer its defined benefit pension plan's assets and liabilities to an insurer.

PEARL Group's acquisition of Resolution is expected to be completed by February 2008, shareholder documentation shows.

Aberdeen eyes ailing commercial property market; FTSE 100 list faces biggest upheaval since dot-com days; MPs attack Walker for ‘avoiding issue'

PRIME MINISTER Gordon Brown is "confident" that he will be able to guarantee 90pc of the pensions of the 125,000 people who lost their retirement funds when their schemes collapsed.

CURRENCY overlay managers failed to achieve a positive median excess return over the past quarter, latest statistics by BNY Mellon Asset Servicing reveal.

OCCAM ASSET MANAGEMENT has raised $180m (£129.3m) for its four long/short equity funds.

AUSTRALIA - Superannuation fund assets have helped to fuel rapid growth in Australia's fund management industry, which is now among the world's ten largest, according to Reserve Bank of Australia deputy governor Ric Battellino.