Investment

Sponsors and trustees are struggling to develop strategies for managing longevity risk, MetLife Assurance says.

UK/GLOBAL - Aberdeen Asset Management clinched £300m (US$465m) of net new business in the quarter from its global clients and said redemptions have slowed, but total assets under management dropped 3.6%.

Balanced pooled funds ended their run of positive quarters with a negative return of -8.9% for Q2 of this year, statistics show.

UK - Balanced pooled funds ended their run of positive quarters with a negative return of -8.9% for Q2 of this year, statistics revealed.

Corporate pension funds in the UK and overseas are continuing to move towards liability driven investment strategies, the Investment Management Association says.

GLOBAL - Corporate pension funds are continuing to move towards liability driven investment strategies, the Investment Management Association said.

US/UK - PIMCO hired six new investment professionals for its expanding equity team, including the former head of Goldman Sachs Asset Management's emerging markets equity strategy.

UK - The Universities Superannuation Scheme board of trustees has approved employers' proposals for fundamental reform of its benefit structure.

Communications watchdog Ofcom has ruled out changes to British Telecom's wholesale charging structure, despite the telecoms giant's £9bn scheme deficit.

UK - Communications watchdog Ofcom has ruled out changes to British Telecom's wholesale charging structure, despite the telecoms giant's £9bn (US$13.9bn) scheme deficit.