News

INCLUDING: US - Bill to broaden 401(k) fee disclosure; JAPAN - Markets to rise; UK - New CEO for BP fund;

LATIN AMERICA - ING has confirmed it will buy Santander's Latin American pension businesses for US€1.3bn, ending a week of speculation over the deal.

SPINNAKER Group has launched a low cost master trust offering to help employers cut defined contribution scheme costs.

THE Court of Appeal has issued a judgment which will affect almost all pension schemes in winding-up or in the Pension Protection Fund.

INCLUDING: SCANDINAVIA - F&C appoints Orving; SPAIN - ETF license issued to BBVA; UK - University appoints Quantum; UK - PPF initiative; US - T. Rowe Price Group results

UK - The chief executive officer of Hermes, Mark Anson, has resigned and will return to his native US at the end of August.

F&C Asset Management is set to launch the first 130/30 fund to invest in UK equities within weeks.

CHINA - Pension funds may be targeted in a bid to raise up to US$200m for a Chinese asset management company's new vehicle.

Review snubs pension costs reforms; Friends and Resolution tie knot to create £8.6n insurer; SeaCon to fight pension decision; Lib Dems highlight pension disparity

HERMES Pensions Management chief executive Mark Anson has quit the firm to join a US fund manager.