United Kingdom

UK - Luc van Hoof has left the EIM Group to join Investec Asset Management as a new member on its board of directors.

UK - The new entrants to the defined benefit bulk annuity buy-out space are expected to exploit a technique which allows them to manage pension fund liabilities in tranches, as they break into the burgeoning market.

UK - Alan Whalley, formerly of Watson Wyatt, has joined Mercer Human Resource Consulting as chief executive of its UK company.

UK - London Pensions Fund Authority (LPFA) CEO Peter Scales has launched a scathing counterattack on the Audit Commission, accusing it of merely seeking to bolster its own revenue on the back of local government pension funds.

UK - Jardine Lloyd Thompson Benefit Solutions (JLT) has partnered with Northern Trust Global Investments (NTGI) to deliver active investment management on a manager of managers basis for UK pension funds.

UK - Employers typically pay 2% more in contributions to defined contribution schemes where employees are automatically enrolled, according to a new survey.

UK - Occupational pension schemes could lose out on around £5,000 per year in employer contributions unless the government seriously considers the impact the pension reforms will have on such plans, the National Association of Pension Funds (NAPF) has...

UK - The £1.5bn East Sussex County Council Pension Fund has tendered a specialist active currency overlay brief for a notional portfolio of between £250m and £500m.

UK - The £7.5bn BBC pension scheme has hired Hermes Equity Ownership Service to represent its global equity interests as part of its policy of responsible share ownership.

UK - RMB Multimanagers' new global equity alpha-plus fund aims to assist institutional investors achieve capital growth through a long/short approach.