Indices

TRANSPORT group Stagecoach has pledged £60m to a new pension scheme for its London members following the sale of its London bus operations to Australia's Macquarie Bank for £263.6 million.

‘Back to basics'

David Benson UK equity fund manager and research director Societe Generale Asset Management Benson...

UK - Specialist fixed income manager BlueBay Asset Management has been appointed by the £15bn Barclays UK pension fund to manage a £195m emerging market debt brief.  

AUSTRALIA - Not one of the Registrable Superannuation Entity (RSE) licence applications filed by superannuation funds with the Australian Prudential Regulation Authority (APRA) were error-free, with insufficient detail of funds' risk management processes...

Transport group Stagecoach is considering scrapping its final salary scheme and replacing it with more affordable defined benefit provision.

AUSTRALIA -The Australian Prudential Regulation Authority (APRA) has brought the 30 June 2006 Registrable Superannuation Entity (RSE) license application deadline forward by four and half months.

EUROPE - Russell Investment Group has launched a global real estate securities fund for European pension funds ahead of the much anticipated introduction of REITs.

US - Pension funds of S&P 500 companies failed to improve their funding status from a US$164bn deficit last year, despite their double-digit market gains.

GERMANY - Deutsche Asset Management's Germany head has left the manager after more than 23 years to join Frankfurt rival, DekaBank's asset management arm.