Global

Pennsylvania based asset manager SEI has been awarded its first mandate since setting up its office in the UK.

Global Fund Services (GFS), HSBC's Edinburgh based investment administration and performance measurement consultancy, has been appointed to provide performance measurement reporting to the Philips UK Pension Fund.

Schroders has signed a memorandum of understanding for a strategic partnership with China Galaxy Securities Company to further the development of its fund management activities in mainland China.

CalPERS, the US based pension fund, is planning to double its exposure to high yield debt and will seek external managers to handle most of its US fixed income portfolio.

Michigan's $800m City of Flint Employee Retirement System is looking for money managers and custodians for its move from defined benefit to defined contribution.

The new UK Government rebates for contracted-out money purchase pension schemes could have wide repercussions for the future of occupational pension provision, according to William M Mercer, the actuarial and employee benefits consultancy.

Investors are being urged to vote against executives who occupy chairman and chief executive roles at this years round of company annual general meetings, according to new guidelines issued by the Pensions & Investments Research Council (PIRC) in the...

Prudential, the UK pensions and insurance provider, is to acquire US financial services provider American General Corporation for £18.1bn ($26.5bn), a move which creates the world's sixth largest insurance group.

The £2.2bn Tyne & Wear Pension Fund in the UK has placed a large chunk of its fund up for tender and is to switch to a specialist structure, a move which means that Phillips & Drew and Fidelity will lose their balanced mandates.

Ontario Teachers Pension Plan is to use C$6.2bn (£2.7bn) of its surplus to pay for a host of changes to teachers current pension benefit arrangements.