Investment

The aggregate funding position of the 7800 defined benefit funds monitored by the Pension Protection Fund improved to a deficit of £190.6bn in January.

BNY Mellon Asset Management has launched two investment boutiques - one focused on the management of domestic Australian equities, the other on emerging markets equities and global fixed income.

Chuo Mitsui Trust International, the global arm of Chuo Mitsui Trust and Banking, has launched a London office in a move to expand its investment management business outside Japan.

GLOBAL - No economic model or financial forecast will accurately predict what happens in the next six to 12 months - except by pure chance, European Public Real Estate Association (EPRA) economic commentator Anatole Kalesky has claimed.

The £6.5bn West Midlands Pension Fund is set to significantly reduce its allocation to equities following the completion of a wide-ranging investment review.

Trustees of schemes hit by the drop in value of Standard Life's Pension Sterling Fund have approached their legal advisers after member complaints.

The Financial Services Authority has launched a suitability template on pension switching advice as part of an industry-wide review.

Dr. Shlomo Benartzi looks at behavioural finance and highlights the psychological barriers to saving, using automatic enrolment to increase participation and how to use automatic saving increases effectively

With pensions deficits soaring among FTSE companies, Gill Wadsworth discusses the importance for trustees of making regular covenant assessments to ensure their sponsors can honour their funding commitments

In the first of a new series of bi-monthly interviews with scheme managers, ANDREW SHEEN speaks to West Midlands Pension Fund director of pensions Brian Bailey about how the credit crunch has accelerated changes in the £6.5bn fund's investment strategy...