News

Union officials believe prime minister-in-waiting Gordon Brown will impose new curbs on private equity executives' earnings when he takes up his office.

CRÉDIT AGRICOLE Asset Management is set to expand its flagship range of open-ended investment funds with the launch of a South-East Asian fund.

UK - The Royal Borough of Kensington and Chelsea has appointed Capita Hartshead to administrate its pension fund.

MILLIONS of people of low incomes - including many women - could gain little from saving into personal accounts as mean tested benefits would be slashed, the Equal Opportunities Commission warns.

MILLIONS of scheme members have never reviewed their pension plans - risking a "serious shortfall" on retirement, research from Baring Asset Management reveals.

SOUTH KOREA - Support for the state national pension plan has reportedly plummeted after several government institutions switched to alternative private plans.

ABBEY Financial Markets has appointed Hemal Popat and Martin Collins to its life and pension solutions team.

GLOBAL - MSCI Barra's new plans for the transition of two global equity indices have been slammed by HSBC and competitor FTSE as costly for fund managers and a step back for the provider.

US - The New York City comptroller's office and the New York City (NYC) Pension Funds have joined forces to encourage businesses to review their links with Sudan.

GERMANY - German asset managers face increasingly intense competition, as foreign asset managers seek to take advantage of opportunities created by regulatory changes, according to a report by Fitch Ratings.