News

UK - FTSE 100 companies' pension schemes had a net deficit of £41bn (US$80.1bn) at mid July this year compared to a £12bn (US$23.4bn) surplus in July 2007, a report by Lane Clark & Peacock LLP (LCP) has shown.

UK - Standard Life Investments' (SLI) third party funds under management (FUM) remained constant at £47.5bn (US$92.8bn) during the first half of 2008 and now represent 36% of total FUM.

FTSE100 company pension schemes have a net deficit of £41bn compared to a £12bn surplus in July last year, Lane Clark & Peacock figures show.

US - Northern Trust has launched a solution aimed at helping institutional clients adapt to new accounting standards.

UK - Mercer appointments; NAPF launches FD PensionsConnection; Davenport appoints BlueBay

UK - Aon consulting has questioned the capacity of the market to handle high levels of demand for buyout of defined benefit (DB) pension schemes, after it conducted a study revealing an 80% surge in buyout activity in the second quarter.

UK - Swiss Re has agreed to take over some 760,000 life insurance and pensions policies from Barclays Life for a cash sum of £753m (US$1.47bn).

DELOITTE has appointed Mercer to provide full administration services for a number of its pension schemes.

LEGAL AND GENERAL has seen a 350pc increase in pension buyout business in the six months to June 30, its half-year results reveal.

Northern Rock pension talks stall; Taxpayers may have to dig deep for miners' pensions