U.K.

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  1. Aberdeen Asset Management reports 0.6% asset drop in second quarter

    trueAberdeen Asset Management reported £322.5 billion ($547.6 billion) in assets under management as of June 30, a 0.6% decrease from three months earlier and an increase of 53.9% compared with a year previous, said a financial statement Monday.

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  1. NOW: Pensions announces changes to investment fund

    trueExecutives at multiemployer trust NOW: Pensions, London, have made changes to the plan following announcements in the U.K. budget.

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  2. London Councils seeks asset servicer for collective pension fund

    trueLondon Councils is searching for a custodian for a collective investment fund for 33 local authority pension funds in London.

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  3. Cambridge Associates chooses U.K. pension leader

    trueAlex Koriath was named head of the U.K. pension practice at Cambridge Associates, said Frank Lentini, spokesman.

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  4. Avida signs former BP Pension CEO

    trueSally Bridgeland was appointed senior adviser for Avida International's U.K. team, said Bart Heenk, U.K. managing director.

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  5. Schroders adds real estate capital chief

    trueChris Ludlam joined Schroder Property Investment Management as head of real estate capital, said a spokeswoman.

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  6. Collective investment idea advances for London borough funds

    trueA new limited liability company has been created to make it easier for London boroughs and the City of London to collectively invest their pension assets.

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  7. U.K. to allow private-sector DB plan participants to continue to switch to DC plans

    trueThe U.K. government will allow private-sector defined benefit plan participants to transfer to newly flexible defined contribution plans, said Chancellor of the Exchequer George Osborne.

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  8. PPF records gain in assets, funding ratio at 112.5%

    trueAssets under management at the Pension Protection Fund increased 9.4% to £16.3 billion ($27.8 billion) in the year ended March 31, and the funding level also rose.

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  9. Croydon Pension Fund divests tobacco stocks

    trueLondon Borough of Croydon Pension Fund, Croydon, England, is divesting its stock in tobacco companies following a decision to move to an ethical investment fund.

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  10. Pension Protection Fund preps custodian search

    truePension Protection Fund expects to launch a search for a custodian in the next few months.

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  11. FTSE 100 pension funds' combined funding status improves, report shows

    trueFTSE 100 pension funds’ total deficit decreased 21% in the year ended March 31, to £60 billion ($103 billion), despite contributions decreasing 27% in the same period to £7.7 billion.

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  12. Barking & Dagenham pension fund goes with Aberdeen for alternatives

    trueLondon Borough of Barking & Dagenham Pension Fund hired Aberdeen Asset Management to run a £50 million ($85.8 million) diversified alternatives portfolio.

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  13. DeAWM selects head of U.K., global head of insurance and pension solutions

    trueRandy Brown was named managing director and head of the U.K. and global head of insurance and pension solutions at Deutsche Asset & Wealth Management.

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