News

Cowen Group has launched a UK asset management business focusing on long-only equities as attractive valuations bring the sector back into favour.

The National Association of Pension Funds has backed down over controversial plans to recommend mandatory independent compliance reviews for schemes.

Running personal accounts on a target annual management charge of 0.3pc may be unrealistic, the Personal Accounts Delivery Authority chief executive Tim Jones warns.

CANADA - A C$165m (US$168.6m) venture capital fund is to be established in Ontario with pension money to create jobs and help companies, according to premier Dalton McGuinty.

US - The Pension Benefit Guaranty Corporation (PBGC) has reported a deficit of US$13.1bn in fiscal year 2007, according to the agency's annual management report submitted to Congress.

UK - Four Swiss Life Asset Management ex-staffers have set up an asset manager boutique, focusing on long-only equity funds.

The National Association of Pension Funds has appointed Keith Hollender as business development director.

Moore exits friends after failed merger; Friends may be ready for break-up after chief's departure; Land Securities to split into three after slide in shares; Pension reforms cost £4bn a year; Meryll Lynch chooses new chief; Retiring age cases put on...

Strikes over pensions have been called off on the former Silverlink and Midland Mainline routes to allow discussions with the new franchise holders.

UK - The National Association of Pension Funds (NAPF) has appointed Keith Hollander as business development director, a new role aimed to enhance its offering to members.