United Kingdom

UK - The pensions industry is urging the government to make far-reaching reforms in the way non-executive directors are selected.

UK - Trade unions will "not stand back" and allow the pensions crisis to deepen, TUC president Tony Young warns.

UK/IRELAND - Fund managers saw profits slide by almost a third last year despite a tightening on costs, according to the latest PricewaterhouseCoopers (PwC) investment management survey.

UK - The pensions industry needs simplified and stable rules to restore people's confidence, according to Simplification Review chief Alan Pickering.

UK - ING Real Estate-owned Baring, Houston & Saunders (BH&S) has sold SP33, Shire Park, Welwyn Garden City to US company Schering-Plough.

UK - Pensions Management Institute members have elected three new members to the PMI Council.

UK - Schemes are being urged to look at high yield bonds rather than equities if they want higher returns.

UK/SWEDEN - Multi-manager Skandia is targeting UK pension funds with its Skandia Balanced Portfolio.

UK - GHK Asset Management has opened a £30m hedge fund which will invest in US and UK equities.

UK - Cazenove Investment Fund Management is to extend its fund-of-funds products which it has set up in association with insurance company AIG Life.