News

GLOBAL - HSBC has launched a global climate change benchmark index, and four investable global climate change sub indices.

ITALY - BNP Paribas has bought the fund of hedge funds (FoHF ) business from Depo Bank to reinforce its strategic commitment to Italian institutional investors, asset managers and pension funds.

AUSTRALIA - The minister for families, community services and indigenous affairs, Mal Brough, said the federal government would look at improving the single age pension as it was "incredibly challenging to live on".

CANADA - The consortium including the Ontario Teachers Pension Plan (OTPP) moved a step closer to acquiring Bell Canada Enterprises (BCE) as shareholders voted overwhelmingly in favour of the deal.

ProTRUST has hired former Mercer director and worldwide partner David Johnson to head up its expansion plans as consulting director.

UNITE has attacked Standard Life over its interest in gatecrashing the £8bn merger of Resolution and Friends Provident.

UK - Unite union, which represents 12,000 Royal Mail managers, has warned Royal Mail it could face strike action over pensions.

UK - Updated National Health Service (NHS) defined benefit pension arrangements have been welcomed by employers and trade unions following four years of talks.

INCLUDING: FRANCE - Special retirement benefits: fishermen and miners will not be affected; CHINA - State pension profits rise

THE NATIONAL Association of Pension Funds has hired Alan Chart as a policy adviser specialising in regulation and Mark Brooks as head of press.