Europe

UK - New Frank Russell research on the portfolio transition management business has revealed a wide gap between promised cost estimates and delivered performance.

UK - Barclays Global Investors (BGI) has won two mandates from British Telecom's new defined contribution (DC) scheme, the British Telecom Retirement Plan (BTRP).

UK - Morley Pooled Pensions, the pooled pensions business of Morley Fund Management, has launched four new aggressive funds:

SCOTLAND - The £580m Highland Council Pension Fund is tendering for a global custodian.

UK - Aon Consulting has poached Alan Hewitt from rival firm William M Mercer. He joins as senior consultant in its UK international benefits practice.

UK - Morley Fund Management has appointed Michael Jennings as senior fund manager, global equities at its London office.

UK - bfinance, the corporate finance portal focusing on the information and transactional needs of finance directors, has appointed ex-Morley Fund Management senior sales executive, Michael Hart as relationship manager, asset management.

US/UK - William Sullivan has resigned his senior positions at real estate firm Jones Lang LaSalle (JLL) after 18 years to set up his own company.

UK - Standard Life has announced changes to its pension product range, launching new single charge occupational pensions whilst converting a range of five existing pension products to single charge. Products that are...

UK - Almeida Capital, the private equity research and advisory firm, has appointed Chris Davison as head of research.