Global

Belgian mobile phone provider, Proximus, is to create a new pension fund which is expected to receive initial funding of approximately EUR15m.

Charles Schwab Europe, a UK nominee and online broker, has moved into the pensions market with the launch of a self-invested personal pension.

The Shetland Islands Council pension fund has placed its investment manager, Phillips and Drew, under review for its £110m fund.

The Royal National Pension Fund for nurses has appointed Henderson Global Investors to manage its £150m direct property portfolio.

London-based investment manager MFS Asset Management has been awarded a US equity mid-cap mandate by Belgian pension fund, VKG - the pension fund for doctors, dentists and pharmacists.

Exchange traded funds (ETFs) are continuing their boom in popularity as TD Asset Management join the growing list of ETF providers in Canada.

The Vienna-based APK Pensionskasse is on the verge of appointing an undisclosed index fund manager.

Schroder Investment Management is yet to shrug off last year's poor showing in CAPS figures with the news that the investment bank is set to lose another mandate - this time a London borough.

ICI have removed a £850m global mandate from Schroders and a £230m UK equity brief from Lombard Odier as part of a reorganisation at the £7bn pension fund.

The Swiss Confederation has given the green light to the SHF20bn Swiss social security fund (AHV) to invest in foreign equities.