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Watson Wyatt settles out of court with Credit Lyonnais

Watson Wyatt Partners has settled its alleged negligence case, called by Credit Lyonnais pensions cases.

Credit Lyonnais has agreed to their claim being dismissed and settled out of court, under confidential terms, with no payment made before the court on either side.

The allegation relates to work done during 1996 to 1999, with the trial commencing May 12.


Commodity bond no 4 from Dawnay Day Quantum

Structured product provider Dawnay Day Quantum has created another issue of protected commodities accelerator, a guaranteed equity bond linked to a basket of eight industrial metals and energy-related commodities.


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