SCHEMES could soon be able to hedge their longevity risks following the launch of the world's first longevity index by JPMorgan.

AUSTRALIA - Former MTAA Superannuation Fund trustee John Rickus has joined consultants Principle Advisory Services as a strategic advisor.

UBS GLOBAL Asset Management has launched a range of six pooled bond funds in a bid to allow schemes to invest in a wider range of fixed income assets.

Strategy of HSBC pension funds attacked; US moves to reclaim financial markets supremacy; Worries push sterling down

HgCapital Trust has announced preliminary results for the year ended December 31 - revealing an increase in net asset value of 20pc to £187m.

THE LONDON Pensions Fund Authority has gone out to tender for a specialist global real estate manager for its £2.2bn active fund.

UK - The independent regulator, Financial Reporting Council (FRC), has appointed seven new members to its review panel - including three partners from KPMG.

US - The US$32bn Pennsylvania SERS is bracing itself for a sharp spike in the number of retirements over the coming months.

GOLDMAN SACHS has reported a 28pc slide in first quarter revenues in its asset management division.

US - Kentucky governor Ernie Fletcher could be forced to call a special session to resolve mounting pension debts after the House and Senate again failed to reach an agreement on pension reform yesterday.