Investment

Schemes could "considerably" reduce longevity basis risk by utilising index-based longevity hedges, academics say.

The Organisation for Economic Co-Operation and Development has encouraged the International Accounting Standards Board to review the definition of DB and DC plans as they relate to international accounting standards.

City Financial has launched an Asia fund of hedge funds aimed at pension funds and other institutional investors.

GLOBAL - Investors in struggling money market funds are less likely to receive financial support from fund sponsors post-crisis, research from Moody's warns.

SOUTH AFRICA - SEI Investments (South Africa) has hired Giles Mokoka as managing director in Johannesburg.

AUSTRALIA - Government superannuation plan the Future Fund has invested €450m ($579m) in UK leveraged finance provider Haymarket Financial (HayFin) ahead of the launch of the firm's new asset management business.

The complex web of regulations governing the 2012 pension reform package poses a threat to businesses and the creation of new jobs, the British Chambers of Commerce warns.

Christopher Woods of FTSE Group discusses the advantages of market cap indices and what they can offer investors

The Leicestershire County Council Pension Scheme has challenged Aegon Asset Management to deliver £10m annual investment outperformance after handing the firm a £2bn asset allocation mandate.

IRELAND - Falling French and German bond yields coupled with declining equity markets in August have left Irish pension funds with the renewed prospect of funding difficulties, Hewitt Associates says.