Investment

Trustees of the new Royal Mail defined contribution plan have appointed Zurich to provide the scheme with investment and administration services.

UK SCHEMES are set to receive a refund of over €100m (£93m) following a legal challenge against the Dutch tax authorities by the Strathclyde Pension Fund

BALANCED pooled fund holdings in UK equities plunged from 43.5% to 36.5% in 2008, latest figures from BNY Mellon Asset Servicing reveal.

Ratcliff Palfinger has appointed Alexander Forbes Financial Services to set up a group personal pension scheme for its 170 staff.

Crédit Agricole and Société Générale have signed a preliminary agreement to combine their asset management operations.

The £2.2bn Avon Pension Fund has awarded a £90m property mandate to Schroders as part of a wider allocation to UK and European property.

Latest guidance to lawyers and insolvency practitioners involved in "pre-packaged sales" of businesses will make the process more transparent for trustees, a lawyer says.

UK - The £2.2bn Avon Pension Fund has awarded a £90m property mandate to Schroders as part of a wider allocation to UK and European property.

Aberdeen Asset Management suffered £7.6bn in redemptions during the final quarter of 2008, as investors stripped nearly £5.4bn from its fixed income range.

Scottish Life has introduced a range of governed investments for the group pensions market.