Investment Management, Islamic Finance Correspondent
Cecilia's Feed
May 25, 2011

“Ostrich generation” neglecting pensions – HSBC

LONDON (Reuters) – Britons fear a cash-strapped retirement but fail to plan for their old age, while Asians look forward to bumper pensions for which they are actively planning, a study by HSBC bank showed Thursday.

Fifty-seven percent of the 1,000 respondents aged between 30 and 59 years expect work-based pensions to become less and less generous, but their global peers are streets ahead in their efforts to plan for the likely shortfall.

May 25, 2011

UK ‘ostrich generation’ neglecting pensions -HSBC

LONDON, May 26 (Reuters) – Britons fear a cash-strapped
retirement but fail to plan for their old age, while Asians look
forward to bumper pensions for which they are actively planning,
a study by HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz) bank showed on Thursday.

Fifty-seven percent of the 1,000 UK respondents aged between
30 and 59 years expect work-based pensions to become less and
less generous, but their global peers are streets ahead in their
efforts to plan for the likely shortfall.

May 15, 2011

UK pension lifeboat cuts levy for prudent investors

LONDON, May 16 (Reuters) – The UK agency that pays the
pensions of employees from companies that go bankrupt will give
pension funds with less risky investment strategies a discount
on its annual levy as part of a new regime unveiled on Monday.

The new annual levy system adopted by the Pension Protection
Fund (PPF) will reflect for the first time how the schemes
invest their money. While not likely to impact the total levy
size, it will affect how much each scheme will contribute.

May 12, 2011

Greek debt restructuring inevitable -State Street

LONDON, May 12 (Reuters) – A Greek debt restructuring is
inevitable and recovery estimates of up to 60 cents a euro are
optimistic, the global head of fixed income at State Street
Global Advisors said on Thursday.

“We might actually think that in some cases the 50 to 60
cent (on the euro trading) price is optimistic… there may be a
greater need for restructuring,” Kevin Anderson, who leads a
team running $375 billion in fixed income assets, said.

May 6, 2011

Downturn hands Glencore investors pricing power

LONDON (Reuters) – European mutual fund managers sense an opportunity to drive down the price of Glencore International’s GLEN.UL bumper $11 billion listing, as fears of slowing global economic growth rattles commodity markets.

The Reuters-Jefferies CRB index, a benchmark for commodities prices, is on course for its biggest weekly plunge since July 2008 as Glencore’s top brass begin a roadshow aimed at charming investors, some of whom remain skeptical about the Swiss trader’s corporate governance and its motivations for listing.

May 6, 2011

Downturn hands Glencore investors pricing power

LONDON (Reuters) – European mutual fund managers sense an opportunity to drive down the price of Glencore International’s GLEN.UL bumper $11 billion listing, as fears of slowing global economic growth rattles commodity markets.

The Reuters-Jefferies CRB index, a benchmark for commodities prices, is on course for its biggest weekly plunge since July 2008 as Glencore’s top brass begin a roadshow aimed at charming investors, some of whom remain skeptical about the Swiss trader’s corporate governance and its motivations for listing.

May 3, 2011

Aberdeen first-half profit jumps

LONDON (Reuters) – Aberdeen Asset Management posted a 54 percent rise in half-year pretax profit on Tuesday, aided by a rise in high-fee earning business that partly offset an unexpected surge in outflows.

The British-based fund manager reported pretax profit for the six months to end-March of 143 million pounds.

May 3, 2011

Aberdeen H1 pretax profit up, sees net outflows

LONDON, May 3 (Reuters) – Aberdeen Asset Management (ADN.L: Quote, Profile, Research, Stock Buzz)
posted a 54 percent rise in half-year pretax profit on Tuesday,
aided by a rise in high-fee earning business that partly offset
an unexpected surge in outflows.

The British-based fund manager reported pretax profit for
the six months to end-March of 143 million pounds ($239
million).

Apr 29, 2011

UK police make 56 arrests around royal wedding

LONDON (Reuters) – British police arrested 56 people in London Friday for a range of mostly minor offences as they mounted one of the biggest security operations ever seen in the capital around the royal wedding.

Around 5,000 officers were on duty to control the huge flag-waving crowds, alongside around 1,000 soldiers lining the route from Westminster Abbey to Queen Elizabeth’s London residence, Buckingham Palace.

Apr 29, 2011

UK police: 18 arrested around royal wedding

LONDON (Reuters) – British police arrested 18 people in London on Friday for a range of mostly minor offences as they mounted one of the biggest security operations ever seen in the capital around the royal wedding.

Around 5,000 officers were on duty to control the huge flag-waving crowds, alongside around 1,000 soldiers lining the route from Westminster Abbey to Queen Elizabeth’s London residence, Buckingham Palace.

    • 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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