United Kingdom

UK - In a proposed flotation said to be worth £500m, BlueBay Asset Management is set to list on the London Stock Exchange (LSE), allowing an exit for shareholders Barclays and Shinsei Bank.

UK - The £3.5bn London Pension Fund Authority (LPFA) has confirmed further Socially Responsible Investments (SRI) are in the pipeline, after the fund allocated £20m to Impax.

UK - Mercer Human Resource Consulting has warned that the new age discrimination proposals could result in the reduction of pensions benefits in at least a third of pension schemes.

UK - Wholesale swapping into long dated sterling bonds in an effort to plug deficits is not the silver bullet for defined benefits UK pension schemes due to a shortage in supply, according to KMPG research.

GLOBAL - The £28bn Universities Superannuation Scheme in the UK and the $19bn Mississippi Public Employees Retirement System are taking on US media giant Viacom in a class action law suit regarding excessive executive compensation, Global Pensions can...

UK - State Street Global Advisors (SSgA) has built on its currency team with the appointment of Collin Crownover, formerly of Citigroup, as global head of currency management.

UK - Asian equities exposure among pension funds increased by 6.1% to 13.2% over the last year, a poll by Baring Asset Managment has revealed.

UK - The total deficit in FTSE 100 pension schemes could add up to more than £100bn due to companies underestimating future life expectancy by between two and four years, according to Pension Capital Strategies (PCS).

UK - The London Borough of Newham Pension Fund is tendering an active currency mandate worth between £25-30m.

UK - The news yesterday that the Department for Work and Pensions (DWP) had announced a 10-day consultation period on the new age discrimination regulations has sparked an outcry among industry players.