United Kingdom

UK - The £335m London Borough of Brent Superannuation Fund is mulling over a move into private equity.

UK - Socially responsible investors Friends Ivory & Sime posted a £1.7bn loss in institutional fund under management last year, its biggest slump across all units.

UK - Pension funds are welcoming a High Court decision which means they will no longer pay for members' court appeals on disputes concerning scheme rules.

UK - Friends Ivory & Sime has reorganised its UK equities fund management businesses into into three core areas - large companies, medium companies and smaller companies.

UK - Struggling Scottish textiles firm Richards has placed itself into receivership, claiming that the minimum funding requirement (MFR) played a major role in its demise.

UK - The London Borough of Hackney Superannuation Fund is set to conduct an asset liability study.

UK - Alternative investment manager Man Investment Products is set to introduce its latest capital guaranteed structured product, targeting institutional and high net worth investors.

UK - Security staff at Manchester City Airport are to initiate industrial action on February 4 in protest at plans to cut pension and pay entitlement and make 140 staff redundant.

UK - BAA, the firm that owns and manages UK airport operations, is looking to complete its asset liability study (ALS) by the start of the third quarter.

UK - HSBC's global custody division, has picked up its first customer for its recently launched transaction cost measurement service (TCMS) - the £5.4bn West Midlands Pension Fund.