United Kingdom

UK - Telecoms service provider Telent has dismissed a report that it is considering offloading its £2.7bn pension fund onto new bulk buyout vehicle Synesis as "untrue".

UK- Aon Consulting got no votes from delegates at Global Pensions' Currency Management conference, who were asked to select the consultant they believed to be most knowledgeable in research on currency management.

UK - Bulk annuity buyout vehicle Paternoster, launched on 10 April, has made three senior appointments.

UK - A survey of delegates at a Global Pensions' currency management conference found that nearly three quarters viewed alpha generation through active management as a key aspect when investing in currency.

UK - Companies required to purchase annuities in winding up a pension scheme should not expect significant cost savings despite the new entrants to the bulk annuity market, actuaries Punter Southall have said.

UK - Kevin Lorkins has left Morley Fund Management to take up the role of head of sterling fixed income at Baring Asset Management. 

UK - The e28bn (£19.2bn) Universities Superannuation Scheme (USS) could move £6bn out of equities into alternatives such as private equity and infrastructure, according to reports.

UK - Gareth Davies, formerly of Henderson Global Investors, has joined Merrill Lynch Investment Managers (MLIM) as a director of its UK relationship management team for institutional business.

UK - Pension funds in the UK should diversify their assets into convertibles and hedge funds to create a more efficient portfolio, according to F&C Asset Management.

UK - Nationwide Mutual has sold UK-based Gartmore Investment Management to private equity firm Hellman & Friedman Advisors LLC (H&F) for an undisclosed fee.