US - Corporate pension funds posted a record asset value loss in October, according to a Milliman survey released Monday.

Including: NORDICS - JPMorgan expands custody services; ASIA PACIFIC - Yorkville opens Hong Kong office; UK - Longevity ranked second biggest risk to schemes

GLOBAL - Most managers of global equities funds are cautious on the outlook for the markets and expect a deeper recession than in the early eighties, according to Standard & Poor's.

US - The Pension Benefit Guaranty Corporation (PBGC) overall deficit has been reduced by almost US$3bn, its annual management report reveals.

UK - Pension Protection Fund (PPF) has gone out to consultation on proposals to take account of scheme investment strategies when calculating levies.

Longevity is the second greatest concern to pension schemes second only to investment risk, Aberdeen Asset Managers say.

THE Pension Protection Fund has gone out to consultation on proposals to take account of scheme investment strategies when calculating levies.

The financial crisis will have a significant affect on pension fund asset allocation and will trigger investment manager reviews, bfinance warns.

Pension Corporation is set to raise more capital in a bid to fund growth and has acquired the assets and team members of rival firm Synesis Life.

REGULAR premium corporate pension sales by life and pension funds dropped by 10.9pc in the third-quarter of 2008, latest Association of British Insurers figures show.