Global

Ireland's National Treasury Management Agency has appointed Bacon & Woodrow to advise on the selection of a global custodian for the EUR6.5bn National Pensions Reserve Fund (NPRF).

The giant minerals producing Western Mining Company (WMC) has become the latest corporation in Australia to give up on it's in-house company pension fund, deciding to outsource it's $A205m staff scheme to Plum Financial Services.

Global financial services group, State Street Corporation, has appointed Alan Dawson as vice president of the firm's investment management solutions (IMS) business in Edinburgh, Scotland.

The Singaporean government has accepted the National Wage Council's (NWC) recommendations to restore the employers' central provident fund (CPF) contribution rate back to 20%.

ABP Investments, the asset management division of the world's third largest pension fund, Dutch public sector pension Stichting Pensioenfonds ABP (ABP), has appointed ABN AMRO Mellon as one of its strategic partners for global custody.

North Carolina's Governor Mike Easley is being sued by the state's employees over his plan to partly plug an $850m hole in the state's budget using $151m of state pension fund contributions.

The £400m London Borough of Hillingdon Superannuation Fund is on the verge of appointing Northern Trust as its sole custodian.

Royal London Asset Management (RLAM) has acquired Union Fund Management (UFM), the UK's largest independent specialist cash and liquidity fund manager, for a total of £5.69m.

The $89bn New York State Teachers Retirement System (NYSTRS) has committed $50m to venture capital firm VantagePoint Venture Partners' new New York state technology fund.

Bacon & Woodrow (B&W) has promoted four of its UK based pensions and investments consultancy staff to partner level.