Investment

SPAIN - Assets under management of pension funds falling under the individual system category decreased 0.63% during the month of October, data from research company VDOS Stochastics revealed.

UK - The Pension Protection Fund is expected to be fully funded by 2014, its chief executive Alan Rubenstein said.

UK - British Telecom's pension deficit of £6.8bn (US$11.2bn) could affect the wholesale prices charged to its competitors, following a review to be undertaken by Ofcom.

More than 1300 delegates have now registered to attend this year's Professional Pensions Show.

Calls for the greater use of the open market option back up the policy changes called for by the Pensions Income Choice Association, the body says.

The Pension Protection Fund is expected to be fully funded by 2014, its chief executive Alan Rubenstein says.

Pension Protection Fund chief executive Alan Rubenstein speaks to Jonathan Stapleton about the lifeboat fund's annual report, its investment strategy and the risks it faces in the future

AUSTRALIA/NEW ZEALAND - AXA Asia Pacific Holdings (AXA AP) has rejected an A$11bn (US$10.2bn) acquisition offer by Australian financial group AMP claiming it undervalued the company.

Logica UK has pulled out of the running for the personal accounts administration contract, the Personal Accounts Delivery Authority confirms.

MEXICO - Financial services group Profuturo is set to acquire Scotia Afore, the Mexican pension fund business of Canada's Bank of Nova Scotia.