News

INCLUDING: UK- Hymans Robertson announces results; US - State Street in Trilogy deal; UK - Friends Provident and Resolution discussions; UK - New KPMG mortality data; UK - Ealing appoints global transition manager

CANADA - A strong domestic currency harmed pension fund returns in the second quarter of 2007, according to RBC Dexia Investor Services.

THE £1.2BN Cumbria Local Government Pension Scheme is to invest up to 10pc of its assets into a tailored portfolio of alternatives assembled and managed by BlackRock.

HITEK POWER has appointed Punter Southall to provide actuarial and administrative services to its pension fund.

Friends Provident merger discussions may spark bids; Debt crunch to hit stocks, says Morgan Stanley; FSA chief accuses US of poor flotation standards; Swing into surplus not all it seems

HYMANS ROBERTSON has launched a fund manager database and screening system in a bid to expand its research universe.

UK - Societe Generale Asset Management (SGAM) and Capital International have lost global and UK equities mandates from Suffolk County Council pension fund.

INDIA - The State Bank of India (SBI), UTI Asset Management and the Life Insurance Corporation (LIC) have been appointed to manage part of the R17bn (US$400m) government pension fund.

AUSTRALIA - Over Aus$4bn has been contributed into Australian workers' superannuation accounts, according to the government.

HSBC Actuaries and Consultants has expanded its investment consultancy practice to provide a dedicated resource based in Scotland.