THE RHONDDA Cynon Taf Pension Fund - the largest local authority scheme in Wales - has joined the Local Authority Pension Fund Forum.

SCOTTISH LIFE is set to launch a Self Invested Personal Pension product in December.

US/EUROPE - Institutional investors decreasing their holdings of convertibles over the last year has led to a decline in the total long market value of funds, research from Greenwich Associates has shown.

GERMANY - Hans-Jörg Frantzmann is to join Fidelity International as head of institutional sales, taking up the position as of 1 January next year.

Buyouts praised as saviour of final salary pension funds; British pension funds ‘too quick to ignore private equity returns'; Number of UK savers up 5.5pc; Nasdaq stretched in raising finance to fund LSE bid

US/EUROPE - Institutional investors decreasing their holdings of convertibles over the last year has led to a decline in the total long market value of funds, research from Greenwich Associates has shown.

INCISIVE MEDIA has bought MSM International - the publisher of magazines including Professional Pensions - for £22.5m.

US - Delta Air Lines has secured a further US$719m worth of pension benefits for retired pilots, bringing the total including claims already approved to an estimated $800m.

EMPLOYERS are paying an average of 6.9pc of employee pay into defined contribution schemes for new employees, new research reveals.

OLD MUTUAL Asset Managers has revealed that its global dynamic fund - a multi asset absolute fund - has returned 31.6pc since launch.