Regions

As revealed exclusively by International Pensions News in February CitiStreet has been chosen as the custodian for the Florida State Board of Administration's (FSBA) new defined contribution (DC) plan.

Legal & General Investment Management (LGIM) has boosted its bond section with the appointments of Andrew Clare as economist and Robert Barnard-Smith as senior fund manager.

Specialist thematic fund manager Sarasin Investment Management has launched a new global equities ex UK fund.

Frank Russell has won a £60m European equity mandate from the UK-based pension fund of food products manufacturer, Ranks Hovis McDougall (RHM).

A major overhaul of the NAPF's funding structure has been pledged by new chairman Peter Thompson.

An increasing number of UK companies are helping top executives beat the pensions earning cap, a survey by William M Mercer shows.

AXA Investment Managers has become the first major UK fund manager to charge its pension fund clients a flat fee for investment and stockbroking services, and thereby adopting one of the main recommendations of the Myners' report.

The $120bn New York State Common Retirement Fund (CRF) has increased its US small cap growth equity allocation and appointed Brown Capital Management for a $150m mandate.

Defined benefit schemes in the UK are near to extinction as pension funds review their commitment to final salary schemes, according to leading actuarial consultants.

Baltimore's $2bn Fire and Police Employees' Retirement System (FPERS) will begin a search for a new investment consultant in June.