United Kingdom

UK - Schemes considering action against beleaguered asset manager Merrill Lynch Investment Managers may find difficulty getting a law firm to take up the fight.

UK - The £2.23bn Tyne & Wear Pension Fund has dropped Barclays Global Investors (BGI), Morley Fund Management and JP Morgan from its manager roster, following an overhaul of its asset allocation structure.

UK - The proportion of companies disclosing information on directors' pension arrangements has risen dramatically over the last 12 months, a new study shows.

UK - A net surplus of £865m in the Corus Group pension scheme has dispelled fears that the scheme would show a massive shortfall under FRS17.

UK - Only 29% of organisations made some pension provision in 2000 compared with 34% in 1998, according to a new research report on employers' pension provision published by the Department for Work and Pensions (DWP).

UK - Consultancy firm William M Mercer is up for review at the pension fund for Birmingham International Airport.

UK - The massive Teachers Pension Scheme (TPS) in England Wales is seeking a fund administrator.

UK /GLOBAL: Hermes Focus Asset Management (HFAM), the UK active shareholder fund manager, has hired Corinna Arnold to head up its international business development.

UK - The £355m London Borough of Brent Superannuation Fund is setting its sights on an asset allocation study in September, with a number of changes to its investment strategy on the horizon.

UK - Nottinghamshire County Council has moved to the next stage of its search for private equity fund of funds.