United Kingdom

UK - New government rebates for contracting out of the state second pension will cause a mass exodus out of private pension provision, driving as many as 3m people back into the state system, William M Mercer has warned.

UK - Performance analysis firm WM Company has introduced a new risk analysis service.

UK - The Financial Services Authority (FSA) is on track to bring the review of mis-sold personal pensions to a close by the end of June.

UK - Gartmore has named Elaine Gordon as its new head of institutional client services, replacing Frances Davies, who was appointed as head of global institutional earlier this month.

UK - Philip Franklin has joined Liberty Ermitage as director of global institutional investor services, reporting to Jonathan Giles, group executive director. His position, which is based in London, includes leading and strengthening the institutional...

UK - Abolition of all benefit and contribution limits, except those on lump sums, would produce a massive simplification of the non-state pensions sector - with little or no scope for abuse, given the recent erosion of pension tax privileges, according...

UK - Members of the embattled Equitable Life have voted overwhelmingly in favour of the compromise deal to plug the troubled mutual's finances.

UK - At a time when stakeholder pensions are meant to be encouraging the individual towards responsible, personal, financial planning, a new survey by technology solutions provider 4th Contact, has shown that only 56% of the UK's pension-holders know...

UK - Pensions minister Ian McCartney has promised new MFR legislation "as soon parliamentary time becomes available".

UK - Old Mutual Asset Managers have lost bond expert Bob Attridge to Govett Investments.