News

Australia - Peter Dutton, minister for revenue and assistant treasurer, has slammed shadow treasurer Wayne Swan and leader of the opposition Kevin Rudd for giving in to unions and "refusing to rule out restoring the 15% end tax on super payouts".

Kazakhstan - SNC-Lavalin and Capital BearingPoint have been hired by the state-owned accumulation pension fund GNPF to consult on and support preparations for its privatisation under an Institution Building Programme.

BNP PARIBAS Asset Management is set to merge its traditional investment management and its indexed & structured investment management teams.

COMMERZBANK has sold Jupiter Asset Management to a consortium of senior staff and private equity firm TA Associates for £740m.

THE TRUST-BASED model of scheme governance is hampered by limited dialogue between trustees and their key advisers, a Goldman Sachs Asset Management sponsored report reveals.

US - In a letter to Congress, major pension funds have called for limits to be put on the emissions blamed for global warming, saying that taking no action is harming business.

UK - Standard life and the Investment Manager Association (IMA) have come out in support of the government white paper on personal accounts.

Aggressive tactics used by pension schemes; Scheme will cost business ‘£1bn a year', Investor alarm at Barclays' ABN talks

INVESTEC has teamed up with Blackfish Capital Management to launch a hedge fund focused on the mining resources sector.

THE PENSION Protection Fund has announced the resignation of its director of compensation Alan Duncan.