Fondenergia, the Italian pension fund for the energy sector, has re-appointed Société Générale Securities Services (SGSS) for depository banking services.

The French bank’s securities services arm will provide the fund with asset protection and performance and reporting.

The €1.2bn and 40,000-member scheme is continuing its relationship with SGSS and will use the bank’s depository services for fund motoring and help with ensuring trustees meet compliance requirements.

Meanwhile, SEI has given a £166m (€200m) UK equity mandate to Four Capital Partners.

The mandate will transfer with fund manager Philip Hardy, who ran the equity portfolio at Polar Capital Holdings, before moving to Four Capital.

SEI, as part of its strategic portfolios, invested with Hardy in 2011 for his UK equity performance.

Four Capital now joins Jupiter, Invesco, Lindsell Train and Los Angeles Capital Management within the UK equity allocation.

Lufthansa German Airlines Group has extended its relationship with State Street Corporation for an additional five years.

The firm currently provides the German corporate pension scheme with custody, fund accounting, risk analysis and securities lending services.

Added to this is collateral management, FX execution and transition management.

State Street’s UK operation was recently fined £23m (€27.9m) by the Financial Conduct Authority for deliberately overcharging six institutions for transition management services in 2011.

Lastly, the Nuffield Health Pension and Life Assurance Scheme, along with the Headlam Group Pension Plan, are two of four schemes to sign up to P-Solve’s delegated service for defined contribution (DC) schemes.

With assets reaching £70m, the delegated investment service for DC schemes is an extension to its defined benefit (DB) fiduciary management business.

Headlam began using P-Solve in 2011 for DB fiduciary management, before extending the contract to cover DC.