UK life and pensions provider Norwich Union part of Aviava has been reviewing its individual pensions strategy throughout 2004 to see how it needs to develop and refine its product range and pricing strategy to respond to the changing market
Full and effective implementation of the European Union's Financial Services Action Plan (FSAP) will become increasingly difficult as its stakeholders in the Retail Market continue to hold mixed views about its merits. That is the message from John Walker of
State Street has been appointed by two local authority pension funds in London the boroughs of Havering and Greenwich. Between them, they have assets worth £750 million. The London Borough of Havering (LBH) Pension Fund has appointed State Street to
Japan's biggest casualty insurance company, Millea Holdings, has bought a Taiwan insurance company, Allianz President General Insurance. It will be merged with Newa Insurance Co. Ltd. in April next year to form the largest insurance company in Taiwan. The merged
State Street Global Advisors (SSgA), the fund management arm of State Street Corporation, says it has been selected by the French pensions reserve fund, Fonds de Reserve pour les Retraites (FRR), to manage an overlay mandate for a three year
BANKERSalmanac.com has introduced a new service to help reduce the overheads associated with the provision of due diligence data and completion of statutory compliance checks. The Due Diligence Repository will help banks respond to multiple requests for compliance data by
Dutch pension funds are up 5% this year, according to the WM Company. Its Dutch Pension Fund Index is based on the returns of standard market indices and on the asset allocation of its universe of pension funds as of
Capital Gains Tax is to be introduced on stock exchange transactions at a rate of 25%. The Hungarian Minister of Finance, Tibor Draskovics, announced the move at a press conference on Friday. The Minister of Finance also disclosed plans to
Shares in UK car insurer Admiral Group went higher on Thursday, after the firm launched Britain's second biggest IPO of the year with a £711 million ($1.27 billion) market debut. The flotation provided an average £39,000 pay out for 1,450
Bank of New York subsidiary Pershing is to provide its customers with access to NaviPlan Extended, a financial planning tool developed by Emerging Information Systems Inc. Pershing says NaviPlan Extended builds upon the capabilities of NaviPlan Standard, which has been