Regions

UK - Schroders has launched a third generation liability driven investment (LDI) platform aimed at reducing investment uncertainties by bringing a closer match to assets and liabilities.

AUSTRALIA - The Labor party must rule out re-introducing a 15% tax on superannuation payouts in order to maintain Australia's economic growth, assistant treasurer Peter Dutton has claimed.

Mongolia - Pension fund money in the country will dry up in 25-30 years, according to research by the National University of Mongolia.

THE NETHERLANDS - Aegon has reached an agreement to acquire OPTAS N V, the Rotterdam-based life insurer for €1.3bn.

US - GM motors is to move 20% of its pension fund assets from stocks to bonds in an effort to protect a US$17.1bn surplus.

FIJI -- Fiji National Provident Fund is to be investigated by Ernst & Young after an internal audit found "huge discrepancies" in the previous administration.

JAPAN - The Japanese government has finalised a bill to scrap the Social Insurance Agency which was at the centre of the country's pension scandal in 2004.

Global - AXA Investment Managers saw revenues rise 40% to €1.18bn in 2006, up from €846m in 2005.

ITALY - Romano Prodi's coalition government is to meet union leaders and Confindustira, the employers' association, to discuss the January pension reforms on March 22.

GLOBAL - Goldman Sachs Asset Management saw net revenues fall US$417m, or 28%, to $1.07bn in Q1 2006 compared to the same period last year.