Members of the International Securities Market Association (ISMA) today elected three new members and re elected two existing members to the board of the Association. The elections to the board took place this morning at the ISMA Annual General Meeting
Lee Amaitis, international president of money broking firm Cantor Fitzgerald, was giving evidence in Britain's High Court in a lawsuit brought by a former senior managing director who is claiming 1.5 million pounds ($2.51 million) in damages from Cantor for
General Mills has modified its pension plan assumptions, moving the company's discount rate 150 basis points lower (a move that will increase plan liabilities, and is a direct reflection of the year over year change in rates for double A
Canadian corporate retirement funds are low on money and, like their American cousins, may have to draw on corporate cash flows to pay pensions, the Bank of Canada said on Wednesday. The central bank study cited reports suggesting more than
Pension accounting software specialists Euraplan have formed a joint venture with UBSi the developers of CAGe, a pensions governance solution to provide UK pension fund trustees, administrators, corporate finance departments, HR managers and external suppliers with management information relevant to
The combined assets of the mutual funds in the United States increased by $219 billion, or 3.4 percent, to $6.704 trillion in May, according to the Investment Company Institute's official survey of the mutual fund industry. Stock funds had an
Canadian Finance Minister John Manley told the five largest banks in Canada RBC, Bank of Montreal, Bank of Nova Scotia, Toronto Dominion and the Canadian Imperial Bank of Commerce on Monday this week that they any plans for further consolidation
This week Fidelity Investments scrapped the 3 per cent front end sales charge commonly referred to as a sales load on certain US mutual funds, including Contrafund, Contrafund II, Low Priced Stock, Magellan, and New Millennium. As a result of
HSBC Actuaries and Consultants Limited has recently made two senior hires in its Pensions Consulting Practice. Dermot Reaney is appointed as Senior Consultancy Director and Robert Latham as Actuarial Director. Dermot Reaney will lead HSBC's consultancy teams in London and
FT Interactive Data, the supplier of financial information and analytical software, has formed a strategic alliance with CCLux, the main provider of UCITS data in Luxembourg, to disseminate the UCITS data and documentation via FTS, FT Interactive Data's desktop portfolio