Global

Standard Life Investments has hired Lance Phillips as global head of stock selection.

Corporate limited price indexation (LPI) bonds have the potential to grow into a £100bn market in the UK, according to Watson Wyatt.

Aegon Asset Management is to launch a 100-stock mixed pool fund, which will be evolved from the Scottish Equitable Global Fund.

Small pension funds should adopt multi-manager funds to reduce the risk of investment under performance, says investment consultant William M Mercer.

Invesco Pensions, a division of Invesco Asset Management, has completed its appointment of four further external fund managers for its defined contribution range.

Demand for specialist mandates in the UK has risen by as much as 50% in the case of some advisers - as pensions managers and trustees look more and more to overhaul their investment strategy in wake of the Myners review.

Current DC pension contribution rates in the UK are inadequate to provide acceptable income levels in retirement, according to consultants William M Mercer.

Durham County Council is seeking an alternative additional voluntary contributions (AVC) provider to its existing Equitable Life scheme.

San Francisco's city and county pension fund has appointed US fund managers Nicholas Applegate and Oechsle International Advisors to run $470m in international equities.

The National Association of Pension Funds (NAPF) in the UK has admitted that its attempt to prevent Schroders Investment Management from awarding a £5m "special bonus" to former chairman Sir Win Bischoff will fail.