United Kingdom

UK - Schroder Investment Management has issued a caution to pension funds against a wholesale move to bonds, insisting that equities are still a safe-haven for long-term investors.

UK - Hermes Pensions Management has blazed a trail among funds by making large market gains in the aftermath of the September 11 attacks.

UK - Four shareholder meetings are worthy of note in the week starting January 14, according to corporate governance specialists Institutional Shareholder Services (ISS).

UK - Trustees of the £700m Surrey County Council Pension Fund will discuss possible legal action against Merrill Lynch Investment Managers (MLIM) at their meeting next month.

UK - Current risk models used by fund managers can be vastly different to actual levels of portfolio risk, an ABN Amro report claims.

UK - Towers Perrin has been appointed as actuary and consultant to Peugeot Motor Company's three UK defined benefit plans.

UK - Most people who take out with-profits investments have only a rudimentary understanding of how they work and buy without reading the product information provided, new research from the Financial Services Authority (FSA) reveals.

UK - Tipton-based engineering company Oystertec's £25m pension scheme has appointed independent actuary Jagger & Associates to act as its investment consultant.

UK - Raj Shant is to quit his position at Credit Suisse Asset Management (CSAM) just months after receiving a promotion, and is set to join Mellon unit Newton.

UK - The £1.25bn Norfolk County Council Superannuation Fund is considering an allocation into private equity of between 3-5%.