Regions

Three UK staff pension schemes within the Zurich Financial Services Group are to merge in a cost-savings exercise. They will form the £2.25bn Zurich Financial Services UK Pension Scheme.

Listed companies promoting their environmental and social policies are selling themselves short by failing to state their case to the City, according to new UK research.

The £972m UK-based Surrey County Council pension fund is looking to have a new additional voluntary contribution (AVC) provider in place by September.

It is impossible to fund a pension scheme on a long-term equity basis and, at the same time, provide member security for when the scheme is wound up, according to Stuart Benson, a European partner at William M Mercer.

Baring Asset Management has launched a new range of unit-linked life funds to complement its existing OEIC range for institutional investors.

South Africa's government investment manager, Public Investment Commissioners (PIC), is expecting a directive from the R220bn (US$28bn) Government Employees Pension Fund (GEPF) to put out to tender the fund's R60bn domestic equity portfolio.

William M Mercer has suffered its third pension fund loss in the past week when it was dropped as administrator for the UK-based Alfred McAlpine Pension Plan.

The Association of British Insurers has expanded its life and pensions unit with the appointment of Joanne Segars to the newly created position of head of pensions.

Ireland's National Treasury Management Agency has appointed Bacon & Woodrow to advise on the selection of a global custodian for the EUR6.5bn National Pensions Reserve Fund (NPRF).

The giant minerals producing Western Mining Company (WMC) has become the latest corporation in Australia to give up on it's in-house company pension fund, deciding to outsource it's $A205m staff scheme to Plum Financial Services.