The Pension Protection Fund levy ceiling will increase by 3.6% in 2009/10, a parliamentary paper reveals.

Standard Life has agreed to compensate around 97,000 customers who lost out when its Pension Sterling Fund fell by 4.8% last month.

SWEDEN - AP1 will make 20 employees redundant and change its management model in an attempt to increase the focus on strategic asset allocation, which the fund considers its core activity.

MERCER has appointed Pam Gregory to the new position of head of customer relations within its outsourcing business.

UBS suffers biggest Swiss loss

UK - Standard Life has agreed to compensate around 97,000 customers who lost out when its Pension Sterling Fund fell by 4.8% last month.

EUROPE - British Telecom could have to pay the Pension Protection Fund £16.6m (US$23.9m) after its partial exemption from levies was declared illegal by the European Commission.

EUROPE - Style or strategic exchange traded funds (ETFs), offering investors short or leveraged positions, now account for a third of total European ETF turnover, data from Deutsche Bank reveals.

British Telecom could have to pay the Pension Protection Fund £16.6m after its partial exemption from levies was declared illegal by the European Commission.

GLOBAL - More investors than ever before consider corporate policies on climate change when making investment decisions, the Carbon Disclosure Project (CDP) has said.