United Kingdom

UK - Unclaimed pension assets may be up for grabs following the outcome of a Department for Work and Pensions (DWP) review into the best way of helping bankrupt schemes.

US/UK - Deutsche Bank's Asset Management division (DeAM) has appointed 16 ex-Invesco staff for its Institutional Fixed Income Investment team.

UK - HSBC Investments has launched a life wrapped pension hedge fund product aimed at small- and medium-sized final salary schemes.

UK - The Association of British Insurers have slammed the FRS17 number used to calculate pension fund deficits claiming it gives an incomplete view, according to its research paper.

UK - The London-based asset management activities of Credit Suisse have been placed on ‘rating watch negative' by Fitch Ratings.

UK - A further six pension schemes, including the 6,000 member MG Rover scheme, have transferred to the Pension Protection Fund (PPF), bringing the total number of schemes to come under the PPF's wing to nine.

UK - Neither the trustees of Sainsbury's two pension schemes nor the Pensions Regulator would have the "power" to force a private equity bidder to pay the £3bn needed to plug the supermarket giant's pension deficit, claimed an independent consultant....

UK - State Street Global Advisors (SSgA) has won a £165m global equity 130/30 mandate from the Asda Group Pension Fund, for Global Alpha Edge.

UK- Almost a third of pension funds (30%) reallocated over 5% of their investment portfolio during 2006 as the impact of scheme closures and increased maturity affected investment strategy, according to research by Aon Consulting.

UK - Local authority pension funds will oppose the remuneration report of BP at its AGM as it funds want it to link executive pay with health and safety performance.