UK - Devon County Council Pension Fund has appointed managers to run two of the three mandates it tendered for in June.

Lucida managing director Chris Wales has left the company to move on to new opportunities.

Devon County Council Pension Fund has appointed managers to run two of the three mandates it tendered for in June last year.

US - Pension funds are considering entering a class action against JPMorgan Chase, Fitch and Moody's related to transactions on mortgage pass-through certificates.

Institutional investors group have slammed proposals calling for a two-tier shareholding system giving more voting rights to long-term equity holders.

GLOBAL - Net outflows from long-term investment funds worldwide slowed to €5bn (US$7.1bn) in the first quarter of 2009 after an average outflow of €211bn per quarter in the second half of 2008, data by the European Fund and Asset Management Association...

UK - British Telecom pension scheme deficit grew by £3bn (US$5bn) over the last quarter after the telecoms giant reviewed its accounting assumptions.

British Telecom pension scheme deficit grew by £3bn over the last quarter after the telecoms giant reviewed its accounting assumptions.

Barclays Global Investors Europe vice-chairman Lindsay Tomlinson has been elected as the new chairman of the National Association of Pension Funds.

The Treasury has "no interest" in changing the policy of restricting higher-rate tax relief on pension contributions for people with incomes over £150,000 from April 2011, the National Association of Pension Funds says.