News

NETHERLANDS - Mixed reactions have welcomed the statement by DNB's president Nout Wellink on the possibility of extending the recovery time from three to five years for underfunded pension schemes.

UK - The £3.7bn (US$5.25bn) Merseyside pension fund has gone out to tender for two unconstrained bond mandates worth a total of £320m.

GLOBAL - Aberdeen Asset Management has hired Paul Griffiths as global head of fixed income.

Natixis Global Associates has launched two hedged equity funds - the Gateway US Equities Fund and the Gateway Euro Equities Fund.

GLOBAL - SEI has said it received commitments for £4.8bn in new global institutional assets from 35 new clients in 2008.

Aberdeen Asset Management has hired Paul Griffiths as global head of fixed income.

UK - Vanguard is set to launch a UK funds business in a bid to build a more integrated global asset management business.

PPF deficit to double; Pension expenses

GLOBAL - The total value of pension assets managed globally fell by 18% to an estimated US$25trn in 2008, latest figures show.

UK - The total deficit of FTSE 100 pension schemes would amount to around £100bn (US$141bn) if liabilities were valued using "normal" levels of credit spreads, Pension Capital Strategies warns.