Global

The Local Authority Pension Fund Forum in the UK is to increase pressure on FTSE 100 companies in which its members are major shareholders to improve their corporate responsibility and governance.

Institutional investment in property declined in the fourth quarter of 2000 to £979m, according to figures released by the Office for National Statistics.

Australia's largest manager of pension fund assets AMP is locked in the final stages of negotiations that could see it off load its pension fund consulting division to William M Mercer.

James Hearty has been named as the new executive director of the $30bn Massachusetts Pensions Reserves Investment Management Board (PRIM).

MPs have criticised auditors, regulators and Equitable Life's management over events leading up to the UK mutual pension provider's decision to close to new business.

The UK government's report into Robert Maxwell's tenure as Mirror Group Newspapers chief has revealed the vast extent to which his pension fund abuses went unnoticed, and in some cases ignored.

Trustees in the UK have been given the option to transfer their entire investment decisions onto actuarial consultant firms who will take responsibility for their advice through performance-related fees.

Baring Asset Management has appointed Govett Investment Management's James Rainbow as UK marketing manager.

Co-heads of Merrill Lynch Investment Managers (MLIM), Carol Galley and Stephen Zimmerman are set to retire.

St Louis' City Employee's Retirement Plan has replaced Investment Counsellors and Paradigm Asset Management with Dresdner RCM and Wellington Management to run $50m (£35m) active US large cap equity mandates.