Global

America's Universal Pensions has expanded its alliance with Open Solutions Inc (OSI), a move which will give OSI customers access to UPI's suite of electronic individual retirement account documents.

The £330m London Borough of Waltham Forest Superannuation Fund has placed two of its current managers, Deutsche Asset Management (DeAM) and CCLA Investment Management (CCLA), under review.

Stakeholder pensions could result in UK employers offering flexible benefits packages with the option of taking more holidays, according to UK pensions provider Scottish Equitable.

Harinder Sandhu has been promoted at investment house Phillips & Drew to become responsible for UK specialist equities.

Citibank Worldwide Services, a division of Citigroup's global corporate and investment banking business, has appointed Susan Ebenston to the newly created position of global head of insurance and asset managers.

The Los Angeles County Employees Retirement Association (LACERA) is considering hiring an emerging real estate manager. The mandate will initially be worth $50m (£35m) with the value rising up to $150m (£105m) over three years.

Frank Russell Company has appointed UK-based asset manager Fidelity International to manage two core growth assignments within its multi-manager investment plan.

Northern Trust Global Investors has been appointed by leather manufacturers, Scottish Tanning Industries, to an £11m global balanced mandate.

Canada's Sun Life Financial has acquired US annuity provider Keyport Life Insurance and Independent Financial Marketing Group (IFMG) from Liberty Financial in a deal worth C$2.6bn (£1.18bn).

Sun Life Financial has signed a deal with Morningstar Research that will give its Canadian customers, pension funds and members access to Morningstar's web and PC-based products.