Emerging market equity and debt will see a surge in demand from institutional investors over the next 18 months, signalling renewed confidence in developing economies, a fund manager survey shows.

Universities Superannuation Scheme employer costs will stay fixed at current levels to help meet a £2.9bn shortfall in the scheme following its latest triennial valuation.

Companies are bypassing banks and going straight to investors to borrow money, Legal & General Investment Management says.

Prudential has introduced an "early exit penalty" for new local government pension scheme members making short-term additional voluntary contributions to cover lost fund management charges.

Bluefin Corporate Consulting is merging with Capita Hartshead after being sold by its parent company AXA to Capita for £50m.

The £1bn London Borough of Camden pension fund has appointed BlueCrest Capital Management to run a £50m fund of hedge fund mandate.

Plans to exempt UK employers from having to auto-enrol staff working in Europe have won the backing of the National Association of Pension Funds.

Leicestershire County Council pension fund has appointed JP Morgan Asset Management to run an unconstrained bond mandate investing in credit from around the world.

UK schemes achieved an average return of 4.3% on investments last year led by gilt returns of more than 20%, a study shows.

ITV has lost its case to prevent trustees of the Box Clever pension scheme from pursuing the broadcaster over a £62m deficit.