Europe

UK - The £1.4bn Xerox Final Salary Pension Scheme has appointed State Street Global Advisors to run a £150m global enhanced equity mandate.

UK - Recommendations on risk controls contained in the Myners Review on institutional investment have resulted in a trend towards focusing on both return and risk at the stock, sector, regional, asset category, manager and overall portfolio levels.

UK - Gissings is to open a processing centre in Welwyn Garden City in April.

UK - Schemes should adjust their corporate bond portfolios away from UK companies to diversify risk, consultants and fund managers claim.

UK - The NAPF is urging its members to vote against the re-election of Dimension Data executive chairman Jeremy Ord.

UK - Insurance giant Prudential has purchased Olympus Plaza at Olympus Business Park near Gloucester for £2.68m.

UK - Citisoft, the specialist investment management consulting firm, has appointed Kevin Romiza as senior consultant.

UK - Standard Life has slashed bonus rates and payouts on its with-profits policies by 15%.

UK - Baring Asset Management has boosted its fixed-income team with two new hires.

UK - Using final salary contribution figures as a benchmark for money purchase schemes will distort any pension crisis, the government has been told.