United Kingdom

UK - Small fund management houses fear they will be hit harder by the new pension fund cost disclosure than their larger rivals.

UK - Most FTSE100 companies lack fully independent renumeration committees, research by the Co-operative Insurance Society shows.

UK - Final salary scheme closures will boost the take-up of self-invested personal pensions, Jupiter Asset Management says.

UK - Friends Ivory & Sime's private equity unit ISIS Capital has invested £5.5m in BodyCare International.

UK - IT specialist Trema has teamed up with Hewlett Packard to provide support services for clients using its treasury, risk, cash and asset management straight-through processing software.

UK - The near-£800m Worcestershire County Council Pension Fund is mandating several briefs following an overhaul of its investment structure.

UK - Schroder Investment Management continues to top IPN's mandate losers' table with a new loss dragging the firm's net total to £1114m.

UK - Government annuity reform proposals have been rapped by the Equal Opportunities Commission for failing to address the lower rates women receive.

UK - Aegon, Friends Provident, Norwich Union, Scottish Widows and Skandia Life are to invest more than £11m in financial services group Millfield.

UK - The government is set to give the green light to "money back" annuities from two of Britain's biggest insurance groups.