Investment

FOUR trustees have set up a company to provide independent advice to UK firms operating medium-sized schemes.

SCHEMES have welcomed The Pensions Regulator's more flexible line on funding requirements although consultants insist the revised standard is "muddled in its thinking".

LEGAL & General Investment Management is the largest institutional pension fund manager in the UK, research from Hymans Robertson shows.

Watson Wyatt partner Ian Farr has been elected chairman of the Association of Consulting Actuaries.

Atlantis Investment Manage-ment chief executive Peter Irving has died in a boating accident. He was 49.

MORE than three-quarters of Standard Life Investments' pooled pension funds matched or outperformed their peer groups in the last year, research shows.

MEMBERS of defined contribution schemes could face a 62pc reduction in their income in retirement, research shows.

SEARCHES for global equity managers made up over 18pc of scheme activity during 2005, data from Mercer Investment Consulting reveals.

THE PENSIONS industry needs to be convinced the United Nations' principles of responsible investment are not driven by a political agenda, Mercer Investment Consulting says.

MELLON Financial Corporation and WestLB have launched a 50:50 joint venture, WestLB Mellon Asset Management.