United Kingdom

UK - KAS BANK has been awarded a £30m custody mandate by Stena Line (UK) pension scheme.

UK - West Sussex County Council pension fund has consolidated its custody and performance measurement services with State Street Corporation.

UK - Deutsche Asset Management is set to lose a balanced mandate worth £160m as the London Borough of Tower Hamlets pension fund seeks two new specialist managers.

UK - Aon Consulting has launched a new defined contribution product aimed at providing small and medium sized pension funds greater flexibility and cost effectiveness.

UK - Scottish Widows Investment Partnership (SWIP) has adopted UCITS III requirements for its £9bn Global Liquidity Fund.

UK - State Street Global Advisors (SSgA) has appointed Paul Duncombe as managing director of the UK business. Duncombe's appointment comes a month after Nigel Wightman's resignation as UK MD.

UK - Bramdean, the new institutional multi-manager business launched by Nicola Horlick, its chief executive, has received approval from Dublin-based Irish Financial Services Regulatory Authority (IFSRA ) for its range of UCIT open-ended funds.

UK - Essex County Council Pension Fund has appointed Martin Currie to run a £45m UK active equity mandate.

UK - The kick off of the Pensions Act is causing short-term headaches for overseas companies with British subsidiaries, and is stifling merger and acquisition activity in the near term, according to Marc Hommel, head of human resource transaction services...

UK - Pension fund deficits could seriously affect the stock values of many listed UK companies due to the conversion to FRS 17 rules, according to a pension consultant.