Global

Deutsche Bank is to retain trusteeship for global engineering firm Fluor Corporation's defined contribution and defined benefit schemes.

Schroder Pensions has been chosen to implement Bradford & Bingley's new group pension plan - a contributory stakeholder scheme.

The City of Wichita's Pension Management Office (PMO) has selected Intrust Bank to provide its deferred compensation plan with administration, recordkeeping and education services, as well as investment products.

Old Mutual has appointed Scott Powers as its new chief executive officer (CEO) for its US asset management business.

Canada's $2.5bn (US$1.62bn) Public Sector Pension Investment Board (PSP Investments) lost C$227m (US$147m) last year, returning -4.1% in its first year of existence.

The $1.7bn Chicago Laborers' Annuity & Benefit Fund has dropped ABN Amro and Weiss Peck & Greer from its US large cap growth mandates, and given the money to existing index manager, Northern Trust.

SEI has announced new business wins of more than £100m for the first half of the year.

UK's Local Authority Pension Fund Forum (LAPFF) has hit out against Boots by advising its members to vote against a new executive share option scheme being proposed at the retailer's AGM next Thursday.

CalPERS, the $152bn California Public Employees' Retirement System, has seen its $7.7bn private equity portfolio post a 19.6% average internal rate of return (IRR) for funds it has invested in since 1990.

Pilgrim Baxter & Associates, a wholly-owned unit of Old Mutual, in the US has appointed Michael Sutton as chief investment officer with immediate effect.