United Kingdom

UK - Legal & General is investigating entering the longevity swap market in the first quarter of 2010.

UK - The total deficit in the pension schemes of FTSE100 firms fell to £64bn ($106bn) over the past three months, latest research from Pension Capital Strategies revealed.

UK - Transport for London has asked the High Court to launch a judicial review into a £9m (US$14.9m) levy it was ordered to pay by the Pension Protection Fund.

UK - About £4bn (US$6.5bn) worth of buyout, buy-in and longevity swap deals were struck during the third quarter of the year, Hymans Robertson analysis revealed.

UK/US - BNY Mellon Asset Management has completed the acquisition of Insight Investment Management from Lloyds Banking Group.

UK - Schemes hedged liabilities of more than £11.4bn (US$18.6bn) during the third quarter of the year, analysis from F&C revealed.

UK - Two-thirds of pension managers believe schemes need to play a more active role in investment governance.

UK - The Pension Protection Fund has approved a solution to equalising benefits for guaranteed minimum pensions.

UK - Government restrictions on reclaiming tax on overseas equity dividends via unauthorised unit trusts will potentially harm many UK pension funds, Deloitte warned.

Pareto will be running a limited-attendance currency management seminar at the up-coming Professional Pensions Show in London.