United Kingdom

UK - Clerical Medical is to disclose more information on its adverts for with-profits funds in a bid to boost transparency.

UK - Schroders has appointed Chris Coombe as group financial controller.

UK/EUROPE - The ABI (Association of British Insurers) has expressed its concerns over the possible abolition of the shares listing rule as a "step backwards" for UK corporate governance.

UK - A website that brings all online stakeholder pension government information sources together has been launched by OPRA.

UK - Multi-manager Global Asset Management (GAM) is to launch a dedicated multi-arbitrage hedge fund in September that will be open to institutional investors.

UK - Royal & SunAlliance is facing an £80m bill to compensate around 50,000 annuity policyholders who retired between 1999 and 2001.

UK - Voting issues service Manifest has attacked a glaring gap in new guidelines which will force fund managers to disclose more information to pension schemes.

UK - Abbey National chief executive Ian Harley is holding crisis talks with major shareholders - including pension schemes - after the firm's share price plummeted by 11%.

UK - Alexander Forbes Financial Services has seen a 25% increase in its corporate client base over the past year.

UK - The Association of British Insurers (ABI) has proposed new tax breaks in a bid to encourage more people to save for retirement, particularly for smaller companies.