Europe

The Swiss franc has fallen 9% against the euro after the Swiss National Bank (SNB) said it was setting a minimum exchange rate against the single currency.

European equity markets have rallied following a Federal Reserve announcement on interest rates yesterday.

European default on sovereign debt could cause a 45% spike in defined benefit pension scheme deficits, costing sponsors an extra £190bn, pension risk experts warn.

Changing attitudes to cash management

Latin American pension funds are pounding the pavement looking for local infrastructure deals. Rodrigo Amaral reports