United Kingdom

UK/GLOBAL - The Trades Union Congress (TUC) has called on around 100 UK pension funds to back its stance against human rights abuses in Burma.

UK - Supermarket giant Tesco has boosted the pensions of thousands of its workers by launching a career average pension scheme for all its employees.

UK - Former Money Channel head Tony Hobman is taking over from Caroline Instance as chief executive of the Occupational Pensions Regulatory Authority.

UK - The Chancellor has confirmed in his Budget speech that the pensions earnings cap is increased from £95,400 to £97,200 for the tax year 2002-03.

UK - Gissings has been selected to provide pensions services to United Technologies Corporation (UTC) for its UK schemes.

UK - The internet will play an increasing role in communication between fund managers and trustees, a survey of Legal & General Investment Management customers reveals.

UK - The level of private equity available to investors has dropped due to a sharp fall in management buyouts, KPMG Corporate Finance reports.

UK - A proposal to require fund managers and even trustees to intervene in the corporate affairs of investee companies is ill advised, says the Association of Chartered Certified Accountants (ACCA).

UK - Annuities should include a money back guarantee, Prudential proposes in its response to the government's 'Modernising Annuities' consultation paper.

UK - The much vaunted shift from equities to fixed income has failed to materialise, according to the latest Russell / Mellon CAPS pooled pension fund survey.