News

POOLED fund of hedge funds have achieved positive results for the third consecutive quarter, latest statistics from BNY Mellon Asset Servicing reveal.

TRUSTEES should prepare themselves in advance for the possibility of their sponsor company being taken over or merged with another firm, Hymans Robertson urges.

INCLUDING: AUSTRALIA - ING appointment; BELGIUM - New Fortis CEO; SWEDEN - Schroders move and appointment; UK - UKSIF celebrates 15 years; UK - BNY Mellon announces deal in China; UK - NAPF endorses AREF code

PENSIONERS are missing out on £1.25bn of pension benefits a year by not seeking professional advice on how health considerations can boost annuity rates.

TfL makes 11th-hour effort to stop Tube strike going ahead; Rank Group considers sale of its £700m pension fund; F&C to launch diversified passive fund; Equity volatility likely to stay high

NORWAY / SWEDEN - Institutional investment has made up the bulk of a deal between Norwegian financial firm Storebrand in its acquisition of SPP, a Swedish life insurance and pensions provider, creating a "Nordic platform" for pensions.

US - Fitch has assigned a BBB+ long term rating to bonds issued by St. Louis Municipal Finance Corporation with the intention of funding a shortfall in three municipal pension systems.

UK - New statistics have highlighted that pension scheme deficits actually improved as a whole during August - despite the recent market turmoil.

US - A US court has issued a ruling requiring the State of California to pay the California State Teachers' Retirement System (CalSTRS) US$500m plus interest, regarding a withheld payment for the fiscal year 2003-2004.

Postcodes to determine size of pension payout; Barclays forced to arrange £1.6bn BoE emergency loan; Office glut as bank profits weaken; Private equity held up by ‘a year's worth of debt'