United Kingdom

UK - Pension funds with investments in Railtrack have welcomed the decision to pay compensation for shareholders in the beleaguered company.

UK - Morley Fund Management has boosted its European equities team with the appointment of Gavin Corr as a European fund manager.

UK - Bath and North East Somerset Council's pension fund has removed nearly £1bn in mandates from Gartmore and Merrill Lynch Investment Managers (MLIM), and has redistributed the money among three new and one existing managers.

UK/EUROPE - Alan Pickering, head of the UK pensions simplification review and chairman of the European Federation for Retirement Provision (EFRP), hopes his review will result in a new UK pensions Act "that will encompass all the private pensions legislation...

UK - The Investment Management Association (IMA) hopes fund managers will be ready to comply with its code on transaction costs by the end of next year.

UK - Sweeping fast-track changes are speeding cases through the Pensions Ombudsman office at rates which breach its own procedural guidelines.

UK - A landmark case on pension clawback is due to be decided shortly after Easter. The case concerns a female school assistant worker - named as Shillcock - who was not allowed to join the pension scheme at the school she worked because of the complex...

UK - Gissings has appointed Griff Williams as head of research in its investment team.

UK - With pensions rapidly rising up both the government's and the public's agendas, it was no surprise that some 240 delegates attended the Pensions Management Institute Spring conference last week.

UK - Pension scheme closures are increasing at an unprecedented rate, new Occupational Pensions Regulatory Authority (OPRA) figures reveal.