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MandateWire boasts a small but respected team of eight staff that together cover and analyse more than 2,000 pension funds across Europe.

The information they gather is sent via daily emails to sales and marketing teams and analysts at fund management groups.

Its digital, subscription-based service complements the FT's existing range of products for the fund management sector and continues its foray into paid for content online.

MandateWire will continue to be managed by managing director Serenella Maculan with the team of eight moving into the FT's One Southwark Bridge office later this month.

The team will report to Matt Fottrell, publisher of FT Fund Management who has responsibility for the FT's suite of fund management products, including FTfm, FT Mandate and Ignites Europe.

The move follows the FT's acquisition of US global fund management news and commentary site Money-Media in January 2008.

An FT spokesman said: "Such investments will enable us to emerge from the recession in even stronger competitive shape and ensure we remain the leading source of global business news and analysis."

Earlier this month, John Ridding, the chief executive of the Financial Times, revealed digital income now accounts for 20% of its revenues, up from 14 % in 2007.

Ridding also stated his belief there is "tremendous potential" for newspapers to charge for specialist content after reporting subscriptions to FT.com were up 18% year on year.

The FT currently claims to have 117,000 paying web subscribers, representing 10% of all those registered on FT.com.

Despite subscription gains, FT Publishing, the publisher of the Financial Times, announced a 40% drop in profits in the first half of the year, which it blamed on "tough" market conditions for financial and corporate advertising.