GLOBAL - Swiss firm Credit Suisse and two compatriots topped the R&M Global Custody Survey, with RBC Dexia doing well in Europe and Canada.

EUROPE - Deutsche Börse (DB) has announced the launch of longevity and mortality risk indices for use in securitisation products.

CHINA - Generali is to act as an adviser on pension plans for retired employees of state-owned enterprises (SOEs), held by the Chinese Central Government.

UK - UBS has confirmed it is working on a plan to launch a UK fiduciary management service for pension funds.

THE aggregate deficit of the 7800 defined benefit schemes monitored by the Pension Protection Fund increased for the fourth consecutive month in February.

US - The long running New York Life Insurance class action case has been brought to a close with an order for the company to pay US$14m compensation to the plaintiffs.

UK - West Sussex County Council has increased its allocation to property from 8.2% to 10%.

THE British Medical Association has taken the government to the High Court over its decision to "cap" GPs pensions.

THE government must give consumers more choice on how they take their retirement income, the Investment Management Institute urges.

THE first six pension schemes backed by solvent employers have been admitted into the Financial Assistance Scheme.