The ruling party in Japan has unveiled a loosening and simplification of the tax and regulatory treatment of foreign investment in JGBs. The changes, which have yet to be finalized, are expected to become effective in April 2005. First, the
The cost cutting campaign at ABN Amro is to go a stage further, with another 2,850 jobs to go across the Group, yielding estimated savings of Euros 770 million a year from 2007. There will be one off charges of
Westpac is to incorporate its banking operations in New Zealand, at the request of the Governor of the Reserve Bank of New Zealand (RBNZ), Dr Alan Bollard. The central bank rejected Westpac's "buttressed branch" alternative proposal. This may oblige Westpac
State Street says it is improving its portfolio performance and analytics capabilities for institutional investors, adding functionality that will allow them to evaluate the corporate governance attributes of their investment portfolios. Governance Metrics International (GMI), which provides corporate governance research
Actuaries Lane Clark & Peacock has launched two specialist practices LCP Trustee Consulting and LCP Corporate Consulting to offer advice to UK pension fund trustees and corporate pension plan sponsors. "The launch of LCP Trustee Consulting and LCP Corporate Consulting
The UK employers' organisation, the Confederation of British Industry (CBI) has described the UK government's decision on retirement ages as "sensible and pragmatic." Government will allow employers to set a retirement age at 65, while giving employees "a right to
HSBC is introducing a so called HSBC Asian Ventures Syndicate to make private equity investments in small to medium sized technology driven businesses in Asia, with a particular focus on China, Taiwan, South Korea, and Japan. The Syndicate has been
Over half (52%) of those surveyed by the Institute of Chartered Accountants in England & Wales (ICAEW) believe that the current tax regime in the UK does not provide sufficient incentive for saving for retirement with nearly a third believing
Yet another document has landed on the ever growing pile of reports about the future of the pension industry in the UK. Yesterday the Government appointed Employers Task Force chaired by former Sainsburys CEO Sir Peter Davis warned that the