Investment Management, Islamic Finance Correspondent
Cecilia's Feed
Oct 27, 2010

Low earners may miss out on UK national pension fund

LONDON, Oct 27 (Reuters) – As many as 400,000 low-income and
casual UK workers could miss out on joining a national pension
scheme to help them save for retirement because they earn less
than the threshold for income tax.

At a briefing on Wednesday, the Minister for Pensions, Steve
Webb, said the national defined contribution (DC) pension scheme
for workers with no pension coverage, known as National
Employment Savings Trust (NEST), will enrol workers earning
about 7,500 pounds a year.

Oct 25, 2010

Qatar Islamic Bank eyes UK mid-cap investment spree

LONDON, Oct 25 (Reuters) -The UK unit of Qatar Islamic Bank
(QIB) QISB.QA has unveiled a new lending strategy targeting
small to medium-sized British companies with limited access to
conventional sources of credit, the company said.

“We are seeing quite a big opportunity in the UK for good,
solid credit, which is being ignored by traditional banking and
capital sources, and our strategy is to pursue those
transactions,” its Head of Corporate Finance Akbar Ahsan told
Reuters on Monday.

Oct 21, 2010

Pensions ruling boosts BT shares

LONDON (Reuters) – A court backed the pension trustees of telecoms company BT (BT.L: Quote, Profile, Research) on Thursday in their dispute over the extent of a state guarantee on pension obligations, news that lifted shares in the company.

BT received a guarantee when it was privatised in 1984 that the government would stand behind obligations to the pension fund should the company fail. Thursday’s ruling says the guarantee extends to workers hired since privatisation.

Oct 21, 2010

Henderson posts new outflows, AUM up 5 percent

LONDON, Oct 21 (Reuters) – Anglo-Australian fund manager
Henderson (HGGH.L: Quote, Profile, Research, Stock Buzz) saw fresh outflows in the third quarter as
investors exited its more expensive products, offsetting a rise
in assets under management (AUM) and hitting its shares.

Henderson reported five percent growth in assets under
management to 59.2 billion pounds ($93.5 billion) and a slowdown
in outflows compared with the previous quarter.

Oct 20, 2010

UK pension funds to boost corporate engagement

LONDON (Reuters) – British pension schemes are joining forces to assert their influence as shareholders but will stop short of intervening in mergers and acquisitions, the chairman of the body representing corporate pension funds said.

Lindsay Tomlinson, chairman of the National Association of Pension Funds (NAPF) said fund managers were teaming up to demand greater transparency and accountability from companies they invest in with a view to improving sustainable returns.

Oct 20, 2010

Pension funds to boost corporate engagement – NAPF

LONDON (Reuters) – Pension schemes are joining forces to assert their influence as shareholders but will stop short of intervening in mergers and acquisitions, the chairman of the body representing corporate pension funds said.

Lindsay Tomlinson, chairman of the National Association of Pension Funds (NAPF), said fund managers were teaming up to demand greater transparency and accountability from companies they invest in with a view to improving sustainable returns.

Oct 18, 2010

Yield promise has battle for credit funds heat up

LONDON, Oct 18 (Reuters) – The scarcity of reliable returns
from stock market investment is pushing institutional investors
to seek out steadier yields from fixed-income products and
exotic and mispriced credit.

Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz) on Monday agreed to buy BlueBay
Asset Management (BBAY.L: Quote, Profile, Research, Stock Buzz) in a 963 million pound ($1.53 billion)
deal highlighting the hefty premiums being offered for
specialist credit managers. [ID:nLDE69H06R]

Oct 13, 2010

HSBC asset management unit names new Asia CEO

LONDON, Oct 13 (Reuters) – HSBC Holdings Plc’s (HSBA.L: Quote, Profile, Research, Stock Buzz)
asset management arm appointed Joanna Munro, global head of
product development, to head its Asian unit and named the
incumbent Rudolf Apenbrink to take over the European operations.

Munro will take over the role as chief executive of
Asia-Pacific in Hong Kong in the second quarter of next year and
will report to John Flint, global chief executive. The unit has
about $60 billion in assets under management.

    • About Cecilia

      "In my professional capacity I canvass fund managers, consultants and pension schemes on investments issues and write analytical pieces on investment trends. I also consult investors on M&A matters. My brief includes Islamic finance, especially sukuk issuance and Islam-compliant asset management themes. I joined Reuters News in September 2008 from Thomson Financial News, where I was European pension correspondent."
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