United Kingdom

UK/US - Two-thirds of investors no longer feel confident investing in the stock market following high profile accounting scandals, a survey from Cavendish Asset Management shows.

UK - HSBC Asset Management has lost five of its UK and European fund managers to Cazenove Fund Management.

UK - Barclays Capital, the investment banking division of Barclays Bank, has launched a Sterling Inflation-Linked Bond Index following a high level of investor demand.

UK - The £3bn Merseyside Pension Fund has put a total of 19 mandates - equivalent to about 70% of the scheme - out to tender.

UK - Sales of individual pensions soared in the first half of this year, latest figures from the Association of British Insurers show.

UK - Pensions schemes should "urgently" consider selling their Royal & SunAlliance shares, IFA Hargreaves Lansdown says.

UK - Friends Provident has attacked critics of the Pickering Report and points out it covered everything in its remit.

UK - Leading hedge fund manager Man Group has launched a capital-guaranteed structured hedge fund product to target medium-term annualised growth of around 17-18%.

UK - Tractor giant Agco is facing industrial action over its decision to enforce penalties on anyone aged 50 or over who takes early retirement.

UK - A row over the true size of the deficit at the £27bn BT Pension Scheme is rekindling a bitter rift between actuaries over valuation methods.