News

BROWN ADVISORY has opened a London office in a bid to expand its UK and European client base.

NEW ZEALAND - Around 20% of New Zealanders who have enrolled in the KiwiSaver scheme since it was launched last year are under the age of 25, the government has revealed.

EUROPE - Deutsche Bank's exchange traded fund (ETF) subsidiary, db x-trackers, is launching five products offering institutional investors cost efficient tools for non-derivative based shorting.

CHILE - Chile's Pension Reform Bill, written into law this week, has been hailed as the most important change to its pension system since its creation in 1980.

US - Five companies have been added to 2008 Focus List of the California Public Employees' Retirement System (CalPERS) to highlight its concerns about stock and financial underperformance, and corporate governance practices.

SWITZERLAND - Swiss pension fund Profond has put pressure on UBS to include a capital increase in the agenda of its next AGM.

GLOBAL - The transition management industry has refused to be drawn into a debate about the adequacy of its services after a senior member claimed half of all global transition management businesses existed only out of pressure to maintain an industry...

UK - The release of the UK Pensions Regulator's revised clearance guidance has caused concern already overburdened trustees could face further increases to their workload.

Third round voting for the Pensions Personality of the Year is now under way and will continue until midday on Friday, March 28.

AUSTRALIA - Reforms to the superannuation accounts of low-earners should be a priority in May's Federal Budget, the Australian Industry Group (Ai Group) has said.