United Kingdom

UK - Gensec International Asset Management is to re-launch as io investors, a multi-manager firm for the institutional and intermediary markets in the UK.

UK - The continued shift away from UK equities by pension funds and the strength of bond investment are highlighted in WM Company's second quarter figures.

UK - The fund manager who took over from Alistair Lennard said in the High Court that he would not have run up a portfolio as concentrated as that created by Lennard.

AUSTRALIA/UK - Mellon Financial Corporation has sealed an agreement with Australia's NSP Buck to acquire its remaining 70% holding in the employee benefits company for an undisclosed amount.

UK - The number of people in occupational schemes has fallen by 800,000 since 1997, latest government figures show.

UK - The fund management industry appears to be responding to warnings of significant profit declines, according to consultants PricewaterhouseCoopers (PwC).

UK - Lombard Odier has appointed Martin Squires as its new head of credit research. Based in London, he will be responsible for leading and developing the credit research team.

UK - Total fund assets in Jersey grew by US$5.4bn despite difficult global investment conditions, according to research firm Fitzrovia International.

UK - Legal & General is restructuring its asset management operations and has issued a new convertible bond to help finance the reorganisation.

UK - The Isle of Man is set to enter the global pensions arena in a move that could see the creation of new pension schemes and attract further business to the Isle's existing pensions industry.