Prudential has been appointed as additional AVC provider for the Dyfed Pension Fund and the Wiltshire Pension Fund, Prudential's third scheme win this year. Dyfed Pension Fund has almost 18,000 members across 52 employers, including Carmarthenshire, Pembrokeshire and Ceredigion County Councils, and the Wiltshire Pension Fund serves 66 different organisations, including Wiltshire County Council and Swindon Borough Council.

Russian brokerage Otkritie has signed up MDM Bank's FX & Money Market team in Moscow, which has responsibility for global currency markets foreign exchange operations, lending and borrowing activities on interbank market, repos and reverse repos.

RBC Dexia has been chosen by öhman Asset Management to provide custody and fund administration services for its newly launched High Yield Fund. The fund concentrates on European and North American bonds, although it has a global mandate.

International transfer agency IFDS has announced that it is to provide a full range of integrated service solutions to support the UK market launch of Russell Investments. IFDS is the hosted Authorised Corporate Director (ACD) joint venture between State Street Corporation and DST Systems Inc., and will provide its ACD services which are designed to support both new entrants to the UK market as well as established fund ranges. IFSD Managers now supports a total of 13 sponsor organisations and over £1.3bn of assets.

The Nabarro Pension Scheme has appointed Pitmans Trustees Limited as independent trustee director. The law firm chose Pitmans to assist the pensions team for their focus on the "big picture of management pension scheme risk", said Nicole Paradise at Nabarro.

Cofunds has been chosen as fund administrator for Selftrade, an appointment which will see Selftrade adopt Cofunds' institutional service. The service addresses the needs of investment managers and execution-only brokers that invest in sterling denominated funds, and provides a comprehensive facility offering funds trading, settlement, custody and trail management.

The Royal London Group Pension Scheme has appointed Lane Clark & Peacock as investment advisor. The scheme, which has over 25,000 members and is valued at £1.7bn, will receive strategic investment advice, and LCP will advise the trustees on a range of investment options available to them.

Punter Southall has secured a mandate to provide full services to the trustees of the Quarriers Pension Scheme. The group will provide all core pension scheme services, including actuarial, administration, benefit consultancy, Trustee secretarial and investment consultancy to the Scottish charity's defined benefit pension scheme, which has 1,000 members and a size of £23million.

Xafinity Claybrook has been chosen to provide the Government Actuary's Department (GAD) to all parts of the UK government, using its actuarial valuation software, SuperVal. The public sector OJEC mandate was previously held by InQa, and was chosen on the strength of its quality of support and plans for future software development.

Gatemore Capital Management LLP has been chosen to provide its dedicated chief investment officer service to the DZ Bank AG London Branch Pension Plan. Gatemore will oversee the development and implementation of the defined benefit (DB) plan's investment strategy, with the trustees of the plan retaining decision-making powers.

Aggregate Industries Limited has transferred £300million of pensions risk to Pension Insurance Corporation (PIC). A £210million insurance policy has been purchased by the Aggregate Industries Pension Plan to meet all future payments for pensions in payment, and a £95million policy has been purchased by the Foster Yeoman Retirement Plan 2000, insuring the benefits for all members. Lane Clark & Peacock LLP acted as lead adviser to Aggregate Industries, and to the trustees of the two pension schemes on the transactions.

Woolworths has chosen Capita Hartshead to manage its Group Pension Scheme's transition into the Pension Protection Fund (PPF) Assessment. The process will be carried out by Capita Hartshead's Discontinuance Service Team.

Trustees of the British Airways Pension Scheme have retained State Street Corporation as its provider of custody, accounting, performance measurement, securities lending, trade matching and cash management services to the £14bn UK fund. British Airways has been provided with a range of investment services by State Street since 1997.

SEI has been chosen by AlphaOne Capital Partners to provide a complete outsourcing solution, which includes middle- and back-office services, for its investment products. The specialty equity money management firm sought to outsource these functions as a means of achieving greater infrastructure transparency, flexibility and scalability without tying up critical internal resources.

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