United Kingdom

UK - OPAS has called for the minimum funding requirement to be raised to 130% in a bid to cut the number of shortfalls occurring in wind-up.

UK - Computer giant IBM has bought PricewaterhouseCoopers' consulting business for US$3.5bn (£2.2bn) in cash and stock.

UK - Investment manager Jones Lang LaSalle has seen a 5% drop in revenues over the last year.

UK - FTSE-listed companies have increased directors' remuneration for the eighth year running despite widespread falls in company value, according to new research by the Labour party.

UK - Lloyds TSB's defined benefit pension schemes have slumped 10% in value over the last six months - falling from surplus to deficit.

UK - Morley Fund Management's half-year profits slumped to £6m, a fall of £8m from last year.

UK - Past benefit statements will be used by members of the KPMG fund as key evidence in their imminent court battle over pension rights.

UK - The £16bn Consignia Pension Scheme has promoted its finance director Gerry Degaute to chief executive.

UK - The London operation of JPMorgan Fleming Asset Management has been given an AA+ rating by fund manager rating agency Fitch-AMR.

UK - Goldman Sachs has reported net earnings of US$563m for its fiscal second quarter ended 31 May, 2002.