Global

Pension funds with their own scheme specific benchmarks have for the first time outnumbered those following the UK's CAPS benchmark.

Global firm Mellon Financial Corporation has completed its acquisition of US asset manager Standish, Ayer & Wood.

The UK Law Commission's review of the issue of pension scheme surplus will cause damage and uncertainty to pension schemes, according to industry experts.

Morley Fund Management has poached high yield bond manager Andre Mazzella from Abbey National Treasury Services.

An earlier than expected US recovery this year looks set to lead to knock on growth in world markets, predict fund managers.

Junior doctors in the UK are to receive a significant boost to their pensions as a result of an agreement negotiated by the British Medical Association (BMA).

Philippines' Social Security System (SSS) has been enhanced with the launch of a voluntary provident fund for overseas Filipino workers (OFW).

Scotland's £932m Dundee City Council Tayside Superannuation Fund is tendering for a global custodian, to be appointed by year end.

The UK's National Association of Pension Funds has welcomed the government's decision to put on ice Myners' proposal to change the structure of brokers' fees paid by pension funds.

Clerical Medical Investment Management has announced a raft of mandate wins since the beginning of this year, acquiring more than £125m from 26 pooled fund clients.