United Kingdom

UK - The Northern Trust multi-manager business in the UK has appointed Sharon Fay of AllianceBernstein to the UK equity section of its multi-manager fund.

UK - The government is being urged to take radical action to simplify current pensions legislation, with industry groups claiming that over-regulation is "strangling" the industry.

UK - PSFM, the financial management arm of consulting actuaries Punter Southall, has been appointed by department store Selfridges to design the company's stakeholder pension scheme.

UK - Three shareholder meetings are of significance in the week beginning February 11, according to corporate governance specialists Institutional Shareholder Services (ISS).

UK - Aon Consulting has issued two new briefings on new contracting out terms from 2002-2007, and a practical guide to stakeholder pension schemes.

UK/EUROPE - Mario Draghi is to join Goldman Sachs as a managing director, based in London.

UK - Beleaguered Edinburgh Fund Managers (EFM) has received a revised proposal from Hermes Pensions Management, following an earlier rejection by the firm.

UK - Only four of the FTSE100 companies have shareholding guidelines for non-executive directors, new research by Hewitt Bacon & Woodrow reveals.

UK - Herd mentality by international investors is increasing market illiquidity and making it less cost effective for pension funds to switch managers, State Street claims.

UK - Threadneedle is restructuring its business by moving to three principal divisions with divisional directors who will each report to Simon Davies, Threadneedle's chief executive. The appointment of Sarah Arkle, as chief investment officer in October...