United Kingdom

UK - Friends Ivory & Sime has strengthened its strategy and global portfolio construction teams with two new hires.

UK - Clerical Medical Investment Management (CMIM), a unit of HBOS's fund management business, has appointed Keith Lovett as chief operating officer.

UK - Gissings has appointed Kim Plummer as operations director.

UK - The government will not be issuing a separate consultation on ways to improve stakeholder sales despite announcing yesterday that it is to look at cutting red tape holding back the product.

UK - The Railtrack Shareholders' Action Group (RSAG) last week instructed its lawyers, Lovells, to prepare the necessary papers to be served on the Treasury Solicitor in respect of documents which the Department for Transport, Local Government and the...

UK - Deutsche Asset Management has lost out to Dresdner RCM in a bid to hang on to one of its senior UK equity managers.

UK - Morley Fund Management has announced several key changes to the structure of its board.

UK - Current proposals to reform annuities are "inadequate" and are likely to benefit less than 5% of retirees, according the Association of British Insurers (ABI).

UK - The pension scheme for Northern Ireland Assembly members appointed Clerical Medical as its AVC provider last week.

UK - Car dealership software group Kalamazoo put itself up for sale because it could not afford to pay its pension liabilities.