News

UK - Local authority pension funds prefer fixed income specialists over a multi-manager approach, and favour processes and people over performance, according to new research from Fidelity.

FINANCIAL RISK MANAGEMENT has appointed JPMorgan Hedge Fund Services to provide fund administration and custody services to its funds of hedge funds.

Tax chiefs warn they will pay "close attention" to possible inheritance tax issues with pension schemes and lifetime transfers.

RCM, the active global equity arm of Allianz Global Investors, has signed up to the Principles for Responsible Investment initiative.

US - Merrill Lynch has launched a series of pension fund liability indices to measure performance on a daily basis, based on "typical" sample plans.

Independent financial advisers are failing to market their services effectively as most people do not believe impartial advice exists, Aegon claims.

Pension victims accuse Government of hypocrisy; Bosses under fire as bank plans £60m payout to shareholders; US central bank slashes interest rates; Shock resignation at hedge fund

Proposed changes to section 75 buyout debts are hampered by "technical shortcomings" but are a step in the right direction, Lane Clark & Peacock says.

GLOBAL - North American institutional investors were responsible for the tumble in global investor confidence in September, according to State Street Global Markets.

INCLUDING - UK - LAPFF member boost; US - Pioneer Investments appoints new staff; UK - New appointment at UBS; UK - Punter Southall help trustees apply to PPF