United Kingdom

UK - Only 15% of pension schemes have 50% or more inflation-linked assets matching their liabilities, suggesting most are structurally underhedged, research shows.

UK - Schemes will find opportunities in actively managed inflation-linked bonds next year due to the differential between RPI and CPI-linked bond yields, an asset manager claims.

UK - Aviva has appointed Trevor Matthews as chief executive of its UK region and as an executive director of Aviva.

UK - There is a growing recognition by asset owners that companies with active, informed shareholders are more likely to create value than those without Hermes Equity Ownership Services (EOS) believes.

US/UK - Prudential Retirement has completed its first longevity reinsurance transaction with UK-based Rothesay Life.

UK - Industry figures have backed calls for companies involved in mergers and acquisitions to disclose their intention for the target company pension scheme prior to the deal.

UK - The standard of governance within the hedge fund industry is exposing schemes to high risks and needs significant improvements, the £30bn ($49bn) Universities Superannuation Scheme says.

UK/UAE - UK-based pensions and investment consultant LCP has opened an office in Abu Dhabi in a bid to meet increasing demand for advice in the region.

UK - Scheme sponsors are increasingly transferring property to insurance companies in risk reduction deals as insurers develop innovative ways of taking on scheme liabilities, experts say.

UK - Permal Investment Management has appointed Paul Jeffries to head up its UK institutional business.