United Kingdom

UK - The Northern Electric Group Pension Scheme has dropped Mercer Investment Consulting and brought Watson Wyatt on board as its adviser.

UK - JPMorgan continues the restructuring of its pension advisory group started in January, with the recruitment of Costas Yiasoumi as vice president for Europe, Middle East and Africa (EMEA).

UK - A draft proposal released by The International Financial Reporting Interpretations Committee (IFRIC) aims to clarify the murky relationship between "statutory or contractual minimum funding requirements and the requirements of the pensions standard,...

UK - Investment managers looking to enter the LDI space should be aware of the high skill set and cost barriers, Investit Intelligence has warned.

UK - The £800m Clwyd Pension Fund is tendering UK core equity, global unconstrained equity and global unconstrained fixed income mandates worth approximately £265m.

UK - Local authorities do not look to their bond portfolio to generate returns or alpha, but simply for diversification, according to Fidelity International.

UK - The British Coal Staff Superannuation Scheme and the Mineworkers Pension Scheme have retained JPMorgan Worldwide Securities Services (WSS) as their custodian.

UK - Sixteen pensions staff from the £2bn pension fund of brewer Scottish & Newcastle have left the firm to join Mercer as part of an outsourcing arrangement.

UK - Employers' discriminatory practices push older workers onto state benefits, fuelling a demographic timebomb, a new report has claimed.

Uk - Schroders' assets under management (AuM) suffered a £6bn drop in the second quarter of 2006 due to volatile market conditions.