Global

Barclays, which entered an alliance with Legal & General in January, has reaffirmed its commitment to a 0% annual management charge it announced on its stakeholder pension product in the UK last October.

Florida State Board of Administration (FSBA) has committed $200m (£139m) to private equity investments.

Invesco Asset Management has departed the passive fund management business after the £1bn John Lewis Partnership Pensions Trust replaced Invesco with State Street Global Advisors for a £140m passive global ex-UK equity mandate.

Animal rights activists have occupied the Birmingham, UK offices of broker Charles Schwab in a peaceful demonstration against it acting as the nominee company for £5.5m worth of shareholder investment in drug testing company Huntingdon Life Sciences....

Royal & SunAlliance Property Investments has completed a £270m UK property investment programme adding to its existing £2bn of assets already under management.

Investec Asset Management has added to its fixed income team with the appointments of Rupert Watson and Shakeel Ahmad.

The financial industry has argued that a Centre for Economics and Business Research report - which announced that poor current economic conditions will mean 20,000 UK jobs will go over the next 18 months - is too gloomy.

Glasgow-based Strathclyde Pension Fund has shortlisted four candidates following a Best Value review of its actuarial services.

Standard Chartered has appointed Paul Hedges as the head of custody sales for the UK & Europe.

Insurance giant AXA Sun Life has won a contract to provide its stakeholder pension to the Association of British Travel Agents' 2,500 member firms with approximately 100,000 employees.