FXall, the online foreign exchange trading platform, says more than 350 customers are now signed for trading on it. In September, another 44 customers joined FXall making it a record month for client take up. FXall users get real time
State Street announced today that it has been selected to provide a full range of investment services to The Pension Fund For State Employees in Iceland (Lifeyrissjodur Starfsmanna Rikisins "LSR"), which has $1.4 billion in assets. State Street will provide
According to research undertaken by the actuarial and pension consultants UBSL, FTSE 100 companies' pension schemes have lost 63 billion since the start of the year, taking their overall pension fund deficits to 59 billion by the end of last
The financial services sector saw growth in business volumes level off over the past three months, forcing firms to cut costs in order to boost profitability. The latest quarterly survey by the CBI and PricewaterhouseCoopers will disappoint companies, which saw
Following the precipitous drop in its share price yesterday and today, amid concerns about the need for a capital injection into its ailing insurance subsidiary Winterthur, Credit Suisse Group said it could not think of any "objective reasons" for this
To achieve compliance with anti money laundering regulations introduced in the wake of terrorist attacks of last year, the US banking, securities and insurance industries will spend a combined total of US$10.9 billion through the end of 2005, according to
The management of defined contribution pension (DC) schemes is woeful, everywhere. Or so says a global survey of the DC pensions world by Mercer Human Resource Consulting. "While plan management practices undoubtedly fulfil minimum regulatory requirements, many fall short of
Can the US equity markets get any worse? The quarter just ended was the worst for the S&P 500 in fifteen years and the worst six month period for the index in 28 years. September is traditionally the worst month
Partly as result of the declines in the stock markets, and partly as result of shifts in their investment policies, German institutions have gone from a previously increasing reliance on equities to a dramatic decrease. This is the key finding
Union Bank of California announced today that it had opened an institutional representative trust office in New York City. The office is located at 540 Madison Avenue and complements the company's existing trust and retirement plan operations in California, Oregon