PPF deficit to double; Pension expenses

GLOBAL - The total value of pension assets managed globally fell by 18% to an estimated US$25trn in 2008, latest figures show.

UK - The total deficit of FTSE 100 pension schemes would amount to around £100bn (US$141bn) if liabilities were valued using "normal" levels of credit spreads, Pension Capital Strategies warns.

The total deficit of FTSE 100 pension schemes would amount to around £100bn if liabilities were valued using "normal" levels of credit spreads, Pension Capital Strategies warns.

BT is to launch a corporate self-invested personal pension for its 20,000 employees currently enroled in its trust-based defined contribution plans.

FRANCE - The Fonds de reserve pour les retraites (FRR) has reported a 24.8% decline in its performance during 2008.

EUROPE - Fixed income asset managers are changing their investment strategies and product offerings in response to ongoing credit market dislocations, a Fitch Ratings report says.

OIL giant Ineos has ended months of staff unrest by agreeing a revised set of pension changes with trade union Unite.

Fixed income asset managers are changing their investment strategies and product offerings in response to ongoing credit market dislocations, a Fitch Ratings report says.

Vanguard is set to launch a UK funds business in a bid to build a more integrated global asset management business.