United Kingdom

Russell restructures EMEA; Towers Watson lures AonHewitt's Machon; SEC; Robeco; AustralianSuper; Standard Life Investments; Allianz Netherlands Asset Management; IMF

What the new legislation means

UK - Trustees are to be given new tools by the government to improve their oversight and clarify fiduciary duty in a shake up of trustee responsibilities.

UK - Almost half of FTSE100 directors are either still members of open defined benefit schemes or retain benefits under closed schemes, according to research by Incomes Data Services.

UK - Scheme trustees must ensure their scheme does not slip down the priority order of creditors after company debt repayments doubled year on year, consultants warn.

UK - Aegon Asset Management‘s head of property investment Phil Clark has been named chairman of the Investment Property Forum.

UK - Government has launched an urgent review of equity investments after business secretary Vince Cable warned short-termism was risking the financial security of pension scheme members.

UK - Threadneedle has appointed Camilla Crowe as head of consultant relations.

UK - Inalytics has launched a new service which allows pension funds to analyse the performance of fiduciary managers and the advice they give to clients.

UK - Mercer has launched a passive diversified growth fund that will sit at the heart of its defined contribution default strategy for workplace savers.