United Kingdom

UK - Deutsche Bank has signed an agreement with Aberdeen Asset Management to sell parts of its UK and Philadelphia-based asset management businesses for up to £265m.

UK - The equity return, inflation rate and discount rate assumptions used by UK consultants vary widely among clients of the same actuarial adviser firm, and between clients of different advisers, according to a report from Blacket Research.

UK/CANADA - AMVESCAP has "unanimously concluded" that an indicative approach by the Canadian CI Fund Management to acquire the company's lucrative Canadian operations, AIM Trimark, is to be turned down.

UK - The value of British Airways' (BA) assets will be substantially lower this year because its large pension deficit has been included on its balance sheet for the first time.

UK - Standard and Poor's reports that corporate pension deficits have stabilised across the UK despite similar fund deficits continuing to climb across the Eurozone.

UK - Financial services firms are optimistic about the future despite a second static quarter for growth, a new report by the CBI and PricewaterhouseCoopers claims.

UK - The CEO of CREATE, the UK think tank, has launched an attack on worldwide hedge fund managers and their ability to achieve their maximum potential.

UK - Goldman Sachs Asset Management (GSAM) has lost a London-based pension fund 19% of its initial investment in a currency overlay mandate in its first year of operation.

UK - Citigroup Alternative Investments has poached Owen Thiers from Deutsche Bank as it ramps up its hedge fund sales efforts in the UK and Europe.

UK - Brian Storms, global CEO of Mercer Human Resource Consulting is scouting the market for multi-manager acquisition targets. Mercer HR is currently in the process of rolling out its new investment management business, Mercer Global Investments.