Global

Australian life assurer AMP has confirmed it will acquire UK-based independent financial adviser Towry Law for £75.7m, including the firm's £51m pension liability.

Morgan Stanley Investment Management has launched a web site for UK institutional investors at www.morganstanley.com/im/uk.

Existing pension plans for South African miners are set to undergo a major overhaul to account for the effects of the HIV/Aids epidemic.

Investment exchange virt-x in London has opened a blue chip equity trading market for institutional investors via its subsidiary virt-x Exchange.

Royal London has been selected by JJB Sports as the sports retailer's new stakeholder pension provider.

Asset managers will be able to give US based pension funds and their members investment advice, if a Bill introduced by Congressman John Boehner is passed.

IMRO has fined Gartmore £50,000 for incorrectly pricing 21 institutional and retail unit trusts.

Nearly two thirds of UK finance directors support proposals put forward in the Myners report, according to fund managers Barclays Global Investors.

The EUR400m (£242m) Origin pension fund in the Netherlands has awarded four specialist mandates to State Street Global Advisors, Lombard Odier, Capital International and Frank Russell Company.

Edinburgh-based fund manager Martin Currie has strengthened its risk management capabilities with the appointment of Dan Gardner as portfolio risk manager.