United Kingdom

UK - Transition managers have been too reluctant to release their track records to clients, said Graham Dixon, director at Inalytics.

UK - The increasing complexity of investment portfolio has made it necessary for transition managers to get involved in manager changes earlier in the process, delegates at the Global Pensions Transition Management Forum heard.

UK - Russell Investments has hired Tim Wilkinson, former managing director for EMEA at Mellon Transition Management (MTM), Global Pensions has learned.

UK - There is little transparency around the value algorithms add to transitions and how they are incorporated into the cost, Peter Halligan, an associate in the global investment practice at Hewitt Associates told delegates at the GP Transition Management...

The London Borough of Wandsworth pension scheme has appointed Northern Trust to provide global custody and investment accounting services to £750m ($1.2bn) of assets.

UK - A group of disgruntled pension funds is threatening litigation against investment giant Henderson after one of its funds lost more than 60% of its value during the credit crunch.

NETHERLANDS/UK - Dutch firm Royal Philips Electronics is selling its entire stake in NXP Semiconductors to its UK pension fund.

UK - PricewaterhouseCoopers is to close its two defined benefit pension schemes to future accrual from next April.

ASIA/UK - City Financial has launched an Asia fund of hedge funds aimed at pension funds and other institutional investors.

UK - Pension liabilities for UK private sector final salary pension schemes reached £1.2trn ($1.8trn) in August.