News

SWEDEN - Insurer AMF has decided to grant an increase of interest payments to its defined contribution members from 8% to 12% following positive investment results.

US/JERSEY - State Street has entered into an agreement to acquire Jersey-based fund administrator Mourant International Finance Administration in a move the firm claimed will make it the largest alternatives asset servicing company in the world.

US - The New York State Common Retirement Fund (CRF) invested US$150m combined in private equity and absolute return strategies in October, according to the scheme's monthly transaction report.

EUROPE - The investment fund market in Europe grew by 7.2% in the third quarter and had €6.8trn (US$10.3trn) under management at the end of September, the latest quarterly data by the European Fund and Asset Management Association (EFAMA) revealed.

UK - Ofcom has published a consultation on how it accounts for BT's pension costs when setting regulated wholesale charges for telecommunications services.

The Financial Reporting Council has launched a consultation on its proposals to overhaul the Combined Code.

Natixis Global Associates has appointed Terry Mellish as head of UK institutional business.

The Arup UK pension scheme has appointed rpmi to provide it with administration services following a tender process.

Ofcom has published a consultation on how it accounts for BT's pension costs when setting regulated wholesale charges for telecommunications services.

Staff pensions at risk as bosses shun occupational schemes