United Kingdom

UK/EUROPE - Russell/Mellon CAPS and managerselection.com are to merge their respective database services.

UK - Friends, Ivory & Sime is rebranding as ISIS Investments following the takeover of Royal & SunAlliance Investments (R&SA).

UK - A Bristol manufacturing firm's scheme has been given a record 18-year minimum funding requirement extension by OPRA.

UK - The Society of Pension Consultants (SPC) has blamed the government's tax changes for more than a third of pension fund deficits.

UK - Stock processing firms CrestCo and Euroclear have received regulatory approval from the High Court for their merger.

UK - The Inland Revenue has won a Court of Appeal battle against a director who sought a tax-free lump sum pension while continuing to work as a non-executive.

UK - Rating agency Standard & Poor's has removed Aegon and its related subsidiaries from credit-watch following the company's successful capital restructuring.

UK - Frank Manduca has been hired to manage the UK small cap equity team at UBS Global Asset Management.

UK - Struggling aerospace manufacturer British Aerospace (BAe) has seen its FRS17 pension deficit rise by nearly £900m to £1.3bn since the beginning of the year.

UK - The number of fund managers offering defined contribution products is set to shrink as firms review their "unprofitable" businesses.