Three more funds opt for

Barclays Global Investors (BGI) has been awarded three new mandates by the UK based pension funds of companies ArvinMenitor, Lasmo and Thomson Directories’.
The £66m (e110m) Lasmo pension scheme, advised by William M. Mercer, has dropped M&G as its only investment manager to switch to a two manager structure.
BGI will run a £30m (e50m) passive portfolio while Newton picks up a £36m (e60m) portfolio.
The £30m (e50m) Thomson Directories plan, advised by Bacon & Woodrow, plumped for BGI to run an active fixed benchmark mandate worth £15m (e25m).
The brief was previously run by Merrill Lynch.
However, incumbent Britannic will continue to manage its portion of the pension fund.
The ArvinMenitor scheme’s passive mandate to BGI is worth £21m (e35m).