UK - Baring Asset Management has been appointed by the Mitsui Babcock Pension Scheme to run a £86m segregated mutli-asset diversified growth mandate.
The targeted mandate has a returns target of inflation plus 5% within set risk parameters.
Mitsui Babcock is a UK-based multi-specialist energy services company operating in the thermal power, nuclear, petrochemical, oil & gas and pharmaceutical industries.
It recently announced its parent company, Mitsui Engineering & Shipbuilding, had agreed to sell it to Doosan Heavy Industries (UK) Limited, for JPY 20 billion (approx £100m).
Completion of the deal is expected by January 2007.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.
The Defined Contribution Investment Forum (DCIF) has reappointed Vivek Roy as chairman for 2019 following a vote at its annual general meeting last November.