United Kingdom

UK - BP's pioneering method to keep non-executives up-to-date with any problems in quoted companies should become best practice, a Morley Fund Management corporate governance expert claims.

UK - Lincolnshire County Council's £826m pension fund is reducing its equity weighting by 10% in favour of fixed interest, private equity and property following completion of an asset liability study by Hymans Robertson.

UK - Five men and one woman will appear in court tomorrow to face charges of conspiring to steal £2.9m from the CW Cheney pension scheme.

UK - Consultants are urging Chancellor Gordon Brown to resist making any changes which would affect pensions in his April 17 Budget.

UK - Edinburgh Fund Managers (EFM) profits' have taken a dramatic plunge, falling from £8.6m to just £1.6m in 2001, with chairman John Wright warning that whilst the first few months of the year were encouraging, "investment and trading conditions remain...

UK - Lombard Odier has appointed Fabrizio Pierallini chief investment officer for international equities.

UK - To coincide with the first anniversary of stakeholder pensions, the Association of British Insurers (ABI) has published ‘One year on - stakeholders revealed', a report providing the first detailed analysis of the stakeholder market.

UK - 'Final Salary - Better to live with or without?' is the title of the first in a summer series of morning briefings from Entegria to be held in Leeds, Birmingham, Reading and London on the following dates:

WALES - The £872.6m pension fund for the Rhondda Cynon Taff County Borough Council is tendering for a specialist bond manager to run £120-130m and will tender for a custodian in October.

UK - The legislation detailing the Occupational Pensions Regulatory Authority's powers on wind up (in TIS 43/01) has now been finalised and will come into force on April 1, 2002.