United Kingdom

UK - High numbers of cash accounts available to pension fund managers are offering poor returns and are applying lengthy notice periods, a new report by Scottish Widows Investment Partnership (SWIP) has revealed. SWIP's research claims that the average...

UK - DST International is set to appoint a new managing director of its HiRisk division, following the departure of Mark Dwyer to Mellon Global Investments (MGI).

UK - The £1.5bn Staffordshire County Council pension fund has awarded five mandates to a series of investment managers for its specialist UK equity and global equity portfolios following a recent investment review.

UK - Record numbers of employees are saving too little whilst in work and are losing out because they collect several small individual pensions as they move jobs or change their pension provider.

UK - The trustees of the KPMG Staff Pension scheme have been awarded a comprehensive victory after the Court of Appeal gave its decision that KPMG had a "statutory obligation" to fund the deficit in the scheme.

UK - Jonathan Mann has left Standard Asset Managment after just over a year to take up a post as director of emerging market debt at F&C.

UK - London & Capital (L&C) plans to launch three new quant funds for institutional investors.

UK - The Bank of New York has been appointed global custodian for the pooled assets of the £230m ICI Specialty Chemicals Pension Fund.

UK - AXA Investment Managers has bought 100% of the Framlington Group for a total consideration of £174m over consolidated net asset value at completion.

UK - Towers Perrin HR Services has launched a new Corporate Pensions Solutions consultancy service, to reflect the "growing demand" of companies for innovative advice separate from the compliance-driven advice received by the trustees.