Regions

The £110m Shetlands Islands Council Superannuation Fund has ditched Phillips & Drew (P&D) and appointed Capital International as its new fund manager.

Morley Fund Management has been appointed to manage a £1bn bond portfolio for Marconi plc's UK pension plan.

A quarter of companies which currently offer only final salary schemes will introduce a money purchase scheme within the next five years, according to a new survey.

Officials at the £29bn British Telecoms Pension Scheme are seeking £1bn worth of "special payments". But they warn it may not be enough to plug the scheme's shortfall.

University summer interns in Hong Kong will not be required to enrol into Mandatory Provident Fund (MPF) schemes.

Mortality rates for people in the UK aged 70-90 could improve by between 10-20pc from 2020, new research shows.

Leonard Licht has been appointed as the new chairman of HgCapital, the private equity firm formerly known as Mercury Private Equity.

Leading fund managers are backing calls for the UK's early entry into the euro.

ING Group has merged asset managers Aeltus Investment Management and ING Furman Selz Asset Management into one company, ING Aeltus Group.

Greater Manchester Pension Fund is stepping up its annual investment in venture capital by £10m to £40m because it is "struggling to achieve the 3pc exposure target".