News

F&C Asset Management is to launch a range of specialist products for UK and European pension schemes over the next three years.

A FORMER partner at law firm Freshfields Bruckhaus Deringer has filed a claim for age discrimination after being forced to take early retirement or risk losing part of his pension.

US - CalPERS has labelled any talk of managing money for private sector employers and investors as "premature", with various legal and legislative barriers yet to be cleared.

AUSTRALIA - Global asset managers are targeting the lucrative Australian market with Janus Intech planning a new office in Sydney, Global Pensions can exclusively reveal.

ASSETS under management in funds of funds rose by £2bn during the final quarter of 2006, latest Investment Management Association figures reveal.

NOBLE Asset Management has launched a new hedge fund for institutional investors.

NETHERLANDS - Dutch pension fund giant ABP is on the brink of a structural overhaul that could see the €209bn fund strengthen the focus on its third pillar pension offering and potentially create more new products in-house.

CANADA - The furore surrounding public sector pensions has escalated after the nation's largest trade union body threatened a campaign against the Canadian Federation of Independent Business (CFIB) over its criticism of pension costs.

FUND managers from Schroders, MM Asset Management and HSBC Halbis Partners have teamed up to found new asset management firm FOUR Capital Partners.

UK - Royal Mail is to close its final salary scheme to new employees, following consultation, and has unveiled plans to fund its £6.6bn pension deficit over 17 years.