News

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UK - Abbey Financial Markets, the UK investment banking arm of the Santander Group, has appointed two former Watson Wyatt consultants as part of its drive to become a major player in the pensions market.

SGAM Alternative Investments has received official authorisation of its equity fund - offering schemes access to premium hedge fund specialists managing long-only or long-biased equity investment strategies.

THE BOARD for Actuarial Standards should develop a generic communication standard for actuaries, Compact Analysis urges.

EMPLOYERS organisation, the EEF, has officially laid out its costed proposals for providing smaller firms with financial help when personal accounts are rolled out across the country.

THE PENSIONS TRUST has appointed Royal London Asset Management to manage a £212m fixed interest mandate.

EUROPE - Mercer Human Resource Consulting has launched a European Financial Strategy Group consisting of experts in funding, accounting and investment strategy to advise on pensions risk management.

THE TAXPAYER should not pick up the bill for the government's low management fee target in personal accounts, the Association of British Insurers warns.

MERCER Human Resource Consulting has set up a specialist European financial strategy group to provide integrated risk advice to corporates.

UK - Currency overlays have boosted pension fund returns over the long term, according to a new report by Mellon Analytical Solutions (MAS).