Global

The Inverness-based Highland County pensions scheme has confirmed that Hymans Robertson will be reappointed as its actuarial consultant, following a meeting by the council's finance committee.

The UK-based Pendragon pension fund is to draw up a shortlist for a single provider for both its stakeholder scheme and its additional voluntary contributions (AVC) provider.

Investment manager Phillips and Drew (P&D) has been dropped by the Derbyshire County Council pension fund for its £22m US equity mandate.

The Los Angeles Department of Fire and Police Pensions (DFPP) is searching for a master custodian to provide custody services for US and non-US securities.

HSBC is claiming that it has achieved its goal of 40% of the new pension system in Hong Kong, despite fierce competition from other providers.

The Baltimore Employee's Retirement System is looking for a manager to run its $40m core real estate portfolio, and hopes to have one in place by April, according to Thomas Tanneyhill, administrator of the $1bn pension fund.

High staff turnover amongst part-timer employees means that the House of Lords's ruling on pension schemes will result in only a small proportion being able to make a claim, according to industry consultants, William M Mercer.

Belgian pension funds have demonstrated disappointing performance over the last year, according to a survey by the Association Belge des Fonds de Pension (Belgium Pension Fund Association).

The £336m Southern Water pension scheme has appointed Dresdner RCM Global Investors, Legal & General Investment Management and Deutsche Asset Management to manage £112m each of the fund.

Bath & North East Somerset Council's pension fund, the Avon Pension Fund, is planning to reallocate substantial assets to SRI and has awarded Jupiter Asset Management a £40m SRI UK equities brief.