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Swedish fund Sjunde AP-Fonden has appointed Northern Trust Global Investments to run two quantitative index portfolios worth around £1.5bn from London.

Selecting fund managers is similar to picking the line-up for a football team, delegates heard.

The Dorset County Pension Fund has joined the Local Authority Pension Fund Forum - taking its membership to 44 funds.

Members of the Pensions Action Group held a protest outside the Labour Party conference to highlight the plight of scheme wind-up victims.

Final salary schemes would be more employer-friendly if rules on restricting access to surplus funds were relaxed, delegates heard.

Bulk buyout specialist Paternoster has rejected a survey which claims the market is "stagnant" and has failed to live up to the hype.

The Society of Pensions Consul-tants has welcomed government assurances it recognises the importance of early communication before introducing personal accounts.

TUC seeks ‘champions'

A new firm claims it can slash the cost of removing scheme liabilities by up to 20pc with a non-insurance based alternative to buyouts.

Sales of enhanced annuity policies more than doubled in the year to the end of June, figures from financial adviser Just Retirement show.