News

Draft pension transfer value regulations would create a "charter to rip off ex-members", Standard Life claims.

INCLUDING: US/UK - Fund managers favour equities; US - Watson Wyatt results; UK - Mercer strengthens European business development team; UK - PPF coffers

NEW ZEALAND - The New Zealand Superannuation Fund (NZ Super Fund) and utilities investor, Infratil, have acquired enough shares in Auckland International Airport to block its acquisition by Dubai Aerospace Enterprise (DAE).

Scottish Widows Investment Partnership has won an £80m high alpha UK Equity mandate, it has been revealed.

UK - Investment managers at the London Pensions Fund Authority (LPFA) are satisfied with the current strategies deployed, according to the organisation's annual report.

BNY Mellon Asset Manage-ment has added two new funds to its Evolution range.

Major firms should reconsider any plans to close final salary schemes following the dramatic progress they have made to slash deficits, Britain's largest union claims.

SCHEME managers are urging ministers to delay implementing the new-look Local Government Pension Scheme in order to remedy "flaws, omissions and confusion" with regulations.

Sudden fall in inflation may stay need for more rate rises; Cadbury opts for demerger as private equity comes up short

A 14pc jump in Harrods sales is evidence that the luxury goods sector is a sound investment opportunity, Taylor Young Investment Management believes.