United Kingdom

UK - Towers Perrin is rethinking its investment consulting strategy in the UK after a mass exodus of staff.

UK - The £2.8bn London Pensions Fund Authority (LPFA) is looking to make its first investment in private equity.

UK - British Land is bowing to pressure from institutional shareholders - including pension schemes - and splitting the role of chairman and chief executive.

UK - Paymaster is to provide pension fund administration services to the Crown Prosecution Service and Serious Fraud Office.

UK - More than 6,700 occupational pension schemes - nearly 6.5% of the total - closed in the past year, new figures from OPRA reveal.

UK - Funding levels for FTSE100 companies' pension funds have fallen from 101% to 93% since the start of the year, UBS claims.

UK - Financial services group PIFC Benefit Consultants posted robust growth in the year ending March 2002.

UK - Royal & SunAlliance Property Investments has acquired an 81,000sq ft retail park in Swindon for £14.1m.

UK - Gartmore has hired Nigel Keegan as global healthcare analyst based in London.

UK - Arts and entertainment trade union BECTU has appointed Jagger & Associates to act as investment adviser to its pension scheme.