News

EMI pensions demands on Terra Firma; MPs lambast Rock management; Opposition to Chancellor's capital gains tax reforms continues to mount; Knight Vinke attacks HSBC

Including: UK - Barings Asset Management launches new Quant fund; US - AEGON unaffected by subprime; UK - FRC appoints non-execs; AUSTRALIA - Global regulations will impact processes

UK - Mercer has appointed Michael Kinney as new European head of implemented consulting from Bramdean's multi-manager business.

THE Personal Accounts Delivery Authority will set up a consumer representative committee to help advise on the plans for the scheme.

SCOTTISH Widows Investment Partnership has restructured its bond team in a bid to put a greater emphasis on research and boost returns.

POSTAL strikes have been suspended as the Communication Workers' Union continues to examine a pay and pensions offer from Royal Mail.

UK/US - The difference in pension funds' sensitivity to equity market volatility has been highlighted by AXA Rosenberg, at its conferences for trustees and consultants in New York and London last week.

UK - Rising longevity has been causing headaches for large companies with defined benefits (DB) pension plans, according to a survey by Watson Wyatt.

THE John Lewis Partnership Pension Trust has selected Schroders to manage a £150m global equity mandate.

US - The California Public Employees' Retirement System (CalPERS) have planned to pay fund managers on a performance only basis because of underperformance in a move that could potentially shake up the industry.