Global

The NGL1.6bn PMA (Pensionfonds Medewerkers Apotheken) is looking to appoint three new managers for part of its US Equities portfolio.

The Edinburgh based Lothian pension fund is reviewing two European equities briefs.

Schroders has been dropped as the sole balanced manager of J Walter Thompson's £50m UK pension fund.

The Dutch Pensioenfonds Medewerkers Apotheken (PMA) for pharmacist employees is outsourcing most of its investment portfolio using a multi-manager approach.

Lothian pension fund has put £250m worth of mandates up for tender as the existing contracts are near to expiring.

Wallstreet AB, on behalf of Rederi AB Soya, the Swedish family owned company, is planning to give out more international mandates, following its decision to appoint Singer & Friedlander International Management as its first non-Swedish fund manager.

The Inverness-based Highland County pensions scheme has confirmed that it will be reviewing its actuarial services, because of Best Value.

The £170m part defined benefit and part defined contribution pension scheme of Johnston Press has replaced William M Mercer with Hymans Robertson as its actuarial consultant.

Telia Pensionstiftelse, the pension fund for the Stockholm-based telecoms company, is to update its current asset allocation within the next few months.

Singapore's new private pension system - the Supplementary Retirement Scheme (SRS) - which had been previously scheduled for launch on January 1, 2001 is now set to come into force in April this year, according to the Singapore Ministry of Finance.