Inflation

Royal London Asset Management has launched a global index-linked bond fund aimed at hedging against potential inflation, but at higher yields than currently available in the UK.

Schemes need to prepare for the return of inflation in case central banks fail to control upward pressure on prices, Watson Wyatt says.

UK - British Airways saw its net pensions deficit increase from £307m (US$509m) to £2.6bn following an interim valuation.