Global

The UK's top 100 pensions schemes will be ranked by their commitment to SRI in a Friends of the Earth survey published next week.

Consultant William M Mercer has been appointed to set up a new group pension scheme for UK automotive systems company Johnson Controls.

The UK's £300m Parliamentary Contributory Pension Fund insists it did nothing wrong by investing in companies which are alleged to be not socially responsible.

Pharmaceutical giant GlaxoSmithKline has responded to pressure from socially responsible investment managers and reduced the costs of essential medicines and drugs for developing countries.

Fidelity Investments' international institution business president Richard Horlick has been seconded for three years to become chairman and president of Fidelity Management Trust Company in Boston.

Schroder Investment Management's Nicola Ralston is stepping down as the firm's global head of investment strategy and research in September, in order to spend more time with her family.

Canadian pension fund giant, the C$125bn (US$82bn) Caisse de dépôt et placement du Québec (CDP), has made a C$2m (US$1.3m) investment in Sky High Entertainment, a start up production house that specialises in large-format IMAX films.

Invesco, a division of Anglo-US fund manager Amvescap, has agreed to purchase a 70% interest in Taiwanese investment management company Grand Pacific from a consortium of Taiwan's Koos Group.

Mercury Private Equity has changed its name to HgCapital following its breakaway from Mercury Asset Management.

The $6bn Municipal Employees' Annuity and Benefit Fund of Chicago has appointed Northern Trust Global Investments to run a $380m S&P 500 index fund brief.