Global

The UK government is cynically using the Myners review and its commitment to scrap the MFR to introduce other pension changes "at a whim".

Standard Life Investments has been awarded an "A" rating for both its UK Equity Growth Fund and its UK Ethical Fund by Standard & Poor's Fund Services.

Half of Hong Kong's new MPF scheme assets have been invested in balanced funds, according to statistics released by the Mandatory Provident Fund Schemes Authority (MPFA).

Aegon Asset Management UK has increased its American equities unit with the appointment of Gordon Crofts from Scottish Life.

Julius Baer Investments, the UK fund manager, has made three new appointments to bolster its asset management institutional business division.

One of pension funds at the centre of the AT&T charter lawsuit has agreed to drop its action against the US telecoms giant.

Sweden's Seventh National Pension Fund, AP7, has appointed Goldman Sachs Asset Management to run a SEK1bn (£69m) specialist European equities mandate and Carlson Investment Management to a SEK800m (£55m) Swedish equities brief.

The Nkr800m (EUR 990m) Norwegian Larvik local authority pension fund has put out to tender Nkr400m of domestic assets.

Société Générale Group has acquired a majority stake in US fund manager TCW Group for $880m ($613m) in a share swap deal.

IPN can exclusively reveal that CalPERS, the world's largest pension fund, has narrowed its search for active emerging markets managers for mandates totalling $1.8bn (£1.25bn) down to 15.