GLOBAL - Barclays Global Investors has denied claims that its decision to drop plans to outsource its back-office administration was influenced because of a possible takeover.
A BGI spokesman said: “The decision not to go forward was made simply because there would not be sufficient benefits for our clients.”
Last month it was reported that US bank Mellon was considering a £1.4bn offer for BGI.
French insurer Axa and Germany’s Allianz were also believed to be tabling offers.
Johnson Controls International has appointed XPS Pensions as investment and actuarial adviser for two of its schemes, following a competitive tender process.
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.