Global

Clerical Medical has been appointed as stakeholder and additional voluntary contribution (AVC) provider by the UK based Northumbrian Water Group's £430m Lyonnaise Pension Scheme.

The £130m Norwest Holst pension fund in the UK has ditched Merrill Lynch Investment Managers (MLIM) and appointed Legal & General and GMO Woolley in its place.

Royal London Asset Management aims to bolster its pension funds under management by a further £8bn inside four years.

Political parties have been lambasted for turning their back on the pension industry in the lead up to the UK General Election.

Specialist IT management consulting firm Dunnett Shaw & Partners is aiming to raise the standard of UK pension scheme administration.

Corporate governance and proxy voting agency Manifest is to launch a full SRI support service to its UK institutional clients at the end of this month.

International oil and gas exploration and production company BG Group is to launch a new defined benefit scheme for its 1300 UK-based employees.

More global custodians and UK fund managers are considering a move into securities lending following a sharp rise in popularity among pension schemes.

The Association of British Insurers is urging insurance companies to continue developing flexible annuity products.

BP Pension Fund has sold its Berkeley Square Estate for just under £330m to a private investor.