United Kingdom

UK - The Pensions Management Institute (PMI) has elected Susan Andrews to replace Mike Sullivan as president.

US/UK - Affiliated Managers Group has appointed BlackRock head of global institutional client business Andrew Dyson to a newly created position as executive vice president and head of global distribution.

UK - Iain Duncan Smith has said there will be no u-turn on controversial proposals to raise the women's state pension age to 66 by 2020.

UK - The Institutional Investor Committee has confirmed the membership of its newly-formed Advisory Council.

UK - Investment boutique J O Hambro Capital Management (JOHCM) has become the latest signatory to the United Nations Principles for Responsible Investment (UNPRI).

UK - Fidelity International has created a new defined contribution and Workplace Saving Business to be led by Julian Webb as part of a company restructuring exercise.

UK - London hedge fund CQS is delaying planned soft closure for its flagship ABS portfolio to allow prospective pension scheme investors already conducting due diligence on the fund to complete their analysis.

UK - Threadneedle is set to withdraw from the full service group personal pensions market in a bid to focus on its investment only offering.

UK - The Pension Protection Fund has appointed a further four actuarial firms in a major extension of its ‘assess and pay' project to speed up scheme entry into the lifeboat fund.

UK - The Royal Mail's £10.3bn ($16.8bn) pensions deficit will be taken on by the tax-payer next spring as legislation to privatise the service is expected to become law next week.