News

Trustee champion Brian Holden has hit back after the government hinted it might ignore his recommendations on the future of trusteeship.

THE NORTH Yorkshire Pension Fund has appointed UBS Global Asset Management to run a £49m global tactical asset allocation mandate.

Property fund managers switch from retail to office; ISA reform delayed for 12 months

CANADA - OMERS president and CEO Paul Haggis will be stepping down later this year, after the new governance model changed the nature and focus of the role.

RUSSIA - Health and social development minister Mikhail Zurabov has proposed excluding the saving component from the mandatory state pension insurance and urged people to set up private pension plans.

RUNNING personal accounts at 30 basis points is a "pipe dream" without government subsidies, Standard Life claims.

ASIA - Norges Bank Investment Management plans to open an Asian office this year, with CEO Knut Kjær confirming Shanghai as the preferred destination.

ASIA - BNP Paribas Asset Management is looking to set up partnerships in Vietnam in an effort to expand its emerging market offering to institutional investors.

UK - Pension funds need to be long-term shareowners with bigger stakes in smaller companies, said Oxford Investment Partners director Karl Sternberg.

SCHEMES should avoid making direct private equity investments or risk "being haunted for years by mistakes", F&C Asset Management says.