United Kingdom

UK - Institutional bond investors look increasingly likely to suffer amid the ongoing debt crisis and should seek safety in secured assets, M&G warns.

UK - Start-up investment manager Carduus Capital has become the latest hedge fund investor to offer to refund part of its fees if it does not perform as institutional clients expect.

UK/US - Merseyside Pension Fund has tripled the size of its fund of hedge funds allocation with Pacific Alternative Asset Management Company (PAAMCO) to $75m.

UK - GlaxoSmithKline trustees have agreed a £900m ($1.4bn) buy-in deal with Prudential.

UK/EMEA - Northern Trust has appointed Wilson Leech as CEO for its Europe Middle East and Africa (EMEA) region.

UK - Risk transfer deals are expected to be well in excess of £1bn ($1.6bn)in the fourth quarter on the back of improved market conditions and indexation changes, industry experts say.

UK - The £1.4bn ($2.3bn) Superannuation Arrangements of the University of London pension fund is looking at changing its benefits structure.

UK - The total deficit of FTSE100 pension schemes decreased to £66bn ($105bn)in the third quarter, Pensions Capital Strategies analysis shows.

UK - The 6,653 schemes monitored by the Pension Protection Fund reported a surplus of £13.5bn ($21.8bn) at the end of last month, figures show.

Lawrence Gosling asks if the latest departures will mark the end of the Gartmore name