RBS

A group of banks and insurance firms have launched an association to promote the development of a liquid traded market in longevity and mortality-related risk.

Aberdeen has acquired £13.5bn of long-only multi-manager and fund of hedge fund assets from RBS Asset Management for £84.7m.

UK - Aberdeen has acquired £13.5bn (US$21.6bn) of long-only multi-manager and fund of hedge fund assets from RBS Asset Management for £84.7m.

US/UK - A US law firm is advising European pension funds and institutional investors to opt out of the US class action against Royal Bank of Scotland and to seek damages in the UK.

EUROPE - Pension deficits in UK banks and Europe's largest listed companies have been underestimated by €300bn (US$449.1bn) in their last full year reports, AlphaValue research revealed.