Deutsche Bank

While ETFs are already popular in the US and are beginning to take hold in Europe, many pension funds overlook the advantages of this type of investment, as Helen Fowler reports

Rothesay Life has bought a majority holding in Paternoster following a four-month sale process.

Already popular in the US, ETFs have begun to take hold in Europe but many pension funds overlook the advantages of this type of investment as Helen Fowler reports

GLOBAL - Deutsche Bank AG and the California Public Employees' Retirement System are among 259 investors urging policy makers to combat global warming or face mounting economic disruptions in the next 40 years.

GLOBAL - A greater level of transparency is needed when ETF providers lend out securities held within their funds, according to industry experts.

Paternoster has been put up for sale, with its original backers facing the loss of more than half their £500m equity investment.

A record £12.5bn risk transfer deals were done in the first half of the year and a quarter of major firms will de-risk by 2012, Hymans Robertson predicts.

GLOBAL - ETF providers including Lyxor have signed licence agreements with Standard & Poor's to launch funds on the S&P 500 index.

Pension schemes transferred more than £4bn of liabilities in Q1 making it the highest ever quarter for risk transfer, Hymans Robertson says.

UK - Pension schemes transferred more than £4bn (US$6bn) of liabilities in Q1 making it the highest ever quarter for risk transfer, Hymans Robertson said.