News

MPC INVESTORS is set to open its discretionary macro hedge fund to external investors.

US - More than US$49.4m has been pumped into a pension fund belonging to the firefighters and retired firefighters of St Louis after a court ruling.

INCLUDING: AUSTRALIA - Russell Investment new appointments; UK - Watson Wyatt wins Emirates custody; UK - Hewitt welcomes new appointment; LUXEMBOURG - Citi to service new Luxembourg State Pension Fund

AUSTRALIA - Australian treasurer Peter Costello has announced that all future superannuation contributions and balances for temporary residents should be paid to the Australian Government.

SELF-INVESTED personal pension provider AJ Bell is set to add independent investment platform Cofunds to its SIPPcentre facilities.

NEARLY half of the population would chose to stay in personal accounts when they are introduced in 2012, research by Legal & General shows.

HSBC Actuaries and Consultants has appointed Richard Reid as chief executive officer to take over from Alan Fishman who will retire at the end of the year.

THREE-QUARTERS of fund managers are failing to disclose policies on corporate and social responsibility, FairPensions warns.

FINLAND - Standard Life Investments (SLI) has signed an agreement with Aktia, the Finnish Savings Bank, to distribute its Global REIT Focus Fund in Finland.

THE Communication Workers' Union is set to decide whether to agree a strike-ending deal with Royal Mail in its pay, pensions and modernisation dispute.