INDIA - Four fund managers are to be appointed within the next three months to manage the R15bn (US$340m) collected under the new pension scheme (NPS), the Indian pensions regulator has announced.

A GROUP of 13 investors has written to the Securities and Exchange Commission in a bid to stem increases in US executive pay.

MERCER Investment Consulting and Deutsche Bank have teamed up to launch a multi-manager currency investment product.

UK - The £3.6bn London Pensions Fund Authority (LPFA) has re-appointed JPMorgan as its global custodian.

NETHERLANDS - Watson Wyatt has completed the acquisition of Watson Wyatt Brans & Co, its long-time partner in the Netherlands.

ROYAL London Asset Management has launched an ethical bond trust with £35m of initial investment.

SWEDEN - The third Swedish National Pension Fund (AP3) has awarded a €250m Asian property mandate to Aberdeen Property Investors Indirect Investment Management (API IIM) .

UK - Deutsche Bank and Mercer Investment Consulting have launched a global multi-manager investment index available through Deutsche Bank's FXSelect Platform.

EUROPE - Credit Suisse's asset management business is set to launch a Europe-wide fiduciary management offering to tap into a market currently dominated by Goldman Sachs Asset Management (GSAM).

THE £3.6BN London Pensions Fund Authority has reappointed JPMorgan as its global custodian following a review of its arrangements.