News

ITALY - The Italian government has restricted the power of pension regulator COVIP and transferred its duties to two other entities "in the name of liberalisation".

FRANCE/GERMANY - Macquarie Global Property Advisors (MGPA) has opened offices in Paris and Frankfurt.

DENMARK - The Danish government has been found to have breached European law by not granting tax deductions on contributions made under contracts with foreign pension institutions.

MORGAN Stanley Investment Management has launched a new alternatives fund on the back of a £60m mandate from the Superannuation Arrangements of the University of London.

CANADA/US - The C$122bn Caisse de dépôt et placement du Québec is part of a consortium of investors bidding for NASDAQ-listed higher education provider Laureate Education.

UK - AXA Investment Managers' UK CEO Paul Griffiths has joined Credit Suisse as MD and head of fixed income for asset management.

Anger over pensions, pay scales and ‘disrespectful' management; Rebound for scheme funding ratios; Norwich Union brings call centre work back to Britain; Aim chief condemns attack on market as ‘complete garbage'

CHINA - The US$476m embezzled from the Shanghai state pension fund has been recovered, city mayor Han Zheng has claimed.

KIRKPATRICK & Lockhart Preston Gates Ellis has hired a three-strong pensions team from rival law firm McDermott Will & Emery.

UK - The Scottish National Party (SNP) has told pensions minister John Hutton to resolve issues in England before criticising Scottish pensions.