UK - Mirabaud Investment Management has won two mandates from home appliance manufacturer Merloni and Services Sound & Vision Corporation's UK-based pension schemes.
SSVC – which provides entertainment services for the armed forces – hired Mirabaud after dropping its previous balanced strategy and adopting a core satellite approach.
It replaces Britannic Asset Management and Allianz Dresdner Asset Management.
Mirabaud has also been appointed to run an £8m UK equity mandate by the £22m Merloni Domestic Appliances pension scheme.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.