News

SWEDEN - Swedish automotive financing company AB Volvofinans has been at the centre of a deal featuring the Sixth Swedish National Pension Fund (AP6), Ford Credit International (FCI) and the country's Volvo dealerships.

Plus wins right to set up as direct competitor to LSE; Market turmoil costs Man Group $1bn; Cable & Wireless to see off shareholder rebellion; FSA chief warns banks of credit risks

US - Legislators in Massachusetts have reportedly approved a bill allowing the state to seize the assets of 19 underperforming local government pension funds.

Société Générale Index has launched a benchmark index for the worldwide security sector.

Seven Investment Manage-ment will target minority institutional investors as it breaks away from Killik & Co to form a separate, independent company.

Proposed regulations on calculating pension transfer values will encourage trustees to be more explicit about where they are building prudence into funding assumptions, consultants claim.

PRUPIM and LaSalle Investment Management have teamed up to form the first open-ended pan-Asia Pacific fund for pension schemes and other institutional investors.

More than a third of schemes have not offered any formal or structured training to their trustees, research by The Pensions Regulator reveals.

The Pensions Regulator must not stifle business by "moving the goalposts" if, as expected, it updates clearance guidance, a law firm warns.

The UK Social Investment Forum has launched a free online sustainable pensions library for occupational pension schemes.