News

BLACKROCK has bought DC Link in order to bring the administration of its full service defined contribution pension schemes in-house.

CURRENCY overlay managers achieved a median excess return of 0.78pc during the second quarter of 2007, latest statistics from BNY Mellon Asset Servicing reveal.

UK - BlackRock has acquired dc-Link in order to bring the administration of BlackRock's defined contribution (DC) pension schemes in-house.

AUSTRALIA - Russell Investment Group has won a mandate from the Australian Capital Territory (ACT) Treasury to advise on its superannuation investment for the next five years.

UK - The Pensions Regulator has drafted guidance to clarify how it would approach corporate activity, such as mergers and acquisitions.

UK - The Lothian Pension Fund (LPF) has launched a search for an investment manager to run a £380m property mandate.

RESOLUTION and Friends Provident have changed the legal structure of their planned merger in an attempt to derail opposition from Pearl Assurance.

THE PENSIONS Regulator has gone out to consultation on guidance to further clarify how it will use its powers in respect to corporate events, such as mergers and acquisitions.

Credit crisis continues to bite; SRI shifts to fixed income; Private equity unit's divorce from the Pru delayed by talks; Delta Two can raise cash component of Sainsbury bid

FIRMS could be forced to provide pensions and other benefits to temporary staff if European legislation is implemented, the Confederation of British Industry warns.