News

INCLUDING: SWITZERLAND - New index launch, AUSTRALIA - Farmers boost superannuation investments, UK - Legal eagle returns to PPF, UK - Sustainable finance fund launch, FRANCE - Standard Life Investments opens Paris office

GLOBAL - The merger of the Bank of New York Company and Mellon Financial Corporation has completed, creating the financial giant The Bank of New York Mellon Corporation.

UK - The Pension Protection Fund (PPF) has responded to criticism of its new pension fund index and invited actuarial firm Punter Southall to "discuss" its concerns with the organisation in person.

MACQUARIE Goodman has rebranded itself as Goodman - consolidating its international businesses under one united brand.

SWEDEN - AP3 has released a shortlist of 12 contenders for an unspecified number of global tactical asset allocation (GTAA) mandates.

DENMARK - Pensionskassernes Administration A/S (PKA) has hired Hermes Equity Ownership Service (Hermes EOS) to represent its global equity interests, as part of its policy of responsible share ownership.

REUTERS has appointed Capita Hartshead to provide it with third-party pension administration services for the next five years.

UK - Michael Hughes, chief investment officer of Baring Asset Management, is to retire at the end of 2007.

GLOBAL - Société Générale Asset Management Alternative Investments (SGAM AI) has announced it is to launch funds linked to Standard & Poor's (S&P) Shariah indices.

FSA issues warning over insider dealing; Moulton ready to give as good as he gets; Pound hits 26-year high against dollar