Regions

Twelve cases involving alleged MPF-related offences have been forwarded to the Department of Justice and the police in preparation for prosecution, the Mandatory Provident Fund Schemes Authority (MPFA) in Hong Kong said.

Unitas subsidiary Bland Bankart Financial Services has won three new contracts to administer the pension schemes of Uniq, Wincanton Logistics and Dairy Crest Group.

Jacobs Levy Equity Management has been hired by Frank Russell Company for an assignment in its multi-style, multi-manager US Small Cap Equity Fund.

Hot on the heels of the UK Government's new Trustee Act, Stuart Alexander Insurance and Risk Management has created a new product aimed at protecting trustees and their funds.

National Grid has won its appeal in the UK's House of Lords over who owns the surplus in the £2bn Electricity Supply Pension Scheme (ESPS).

Norwich Union has launched a tailored stakeholder pension scheme for members of the National Union of Journalists (NUJ).

Dresdner Kleinwort Wasserstein (DrKW) will be floated within three years according to Allianz - Europe's largest insurer - which has made a $20.5bn bid to buy Dresdner Bank.

American pension funds reduced their investments in US equities and fixed income in 2000.

Global Asset Management's Japanese equity manager Paul Kirkby is to quit at the end of the year for personal reasons, according to Christopher Cottrell, the UK asset managers' managing director of client business.

The NAPF has backed the judgment of the House of Lords in the National Grid case in the UK.