News

INCLUDING: TAIWAN - Pension fund to invest in equities; US - Northern Trust net income up 23%; US - San Diego organisation drops manager

BNP Paribas has completed its coverage of the UK offshore markets with the acquisition of RBS International Securities Services.

Technology firm Siemens is to close its remaining final salary schemes and will move around 6000 members into a defined contribution plan.

NETHERLANDS - Dutch metal and electro-technical engineering sector fund, PME, said the increase in its funding ratio to 136% was due to the rising interest rate.

Barclays Global Investors has launched what it claims is Europe's first and only clean energy exchange traded fund.

FALLING rates of pensioner poverty are likely to grind to a halt unless the government increases spending on the problem, according to the Institute for Fiscal Studies.

NEARLY four-out-of-10 workers are likely to spend their summer lunch breaks at the pub, research shows.

THE HIGH-LEVEL software language of R is setting standards in quantitative analysis. And now anybody can get to grips with it thanks to The R Book by Michael Crawley.

City "fat cats" should pay for financial education to make more people aware about the need to save for their retirement, bosses say.

A radical EU overhaul of how insurers cover risk has moved a step nearer - and could be extended to pension schemes.