United Kingdom

UK - Majedie Asset Management is exploring equity-based options for further building its business after it was forced to close to new institutional UK equity business having reached capacity in both its products.

UK - The cost of introducing investment strategy as a separate risk factor would be disproportionate to the 3% reallocation of levy it would lead to, the Pension Protection Fund (PPF) has found.

UK - Baring Asset Management has been appointed by the Mitsui Babcock Pension Scheme to run a £86m segregated mutli-asset diversified growth mandate.

UK - Pension funds will take time to adjust to the "complex" new age discrimination laws, and ministers should take a flexible "common sense" approach when enforcing them, the National Association of Pension Funds (NAPF) has claimed.

UK - The Pension Protection Fund (PPF) today begins its first direct payments to UK pensioners.

UK - One in five people could get back less than the value of their contributions to personal accounts as proposed by the government, a report by the Pensions Policy Institute revealed.

UK - Pension schemes are underestimating the extent of mortality rate improvements that will apply to their liabilities by up to £175bn, according to Paternoster.

UK - Industry players' opinions is split down the middle as to whether the Financial Services Authority (FSA) should increase regulation on hedge funds, a Close Fund Management survey has revealed.

UK - Master classes on multi-asset class investment are to be held by regular Global Pensions contributor Guy Fraser-Sampson, with the first event happening in London on Monday and Tuesday of next week.

UK - Liberal Democrat shadow work and pension secretary David Laws has criticised the new Pensions Bill for not narrowing the gulf between public and private sector pension schemes.