United Kingdom

UK - The Financial Services Authority (FSA) has signed an agreement with the UK investment exchanges in bid to crack down on market abuse.

UK - Mercury Asset Management's Select team "did not have any preventative controls" on its fund managers' investments, the High Court heard yesterday.

UK - Deutsche Asset Management (DeAM) is to sponsor a fund management prize at City University Business School, London.

UK - Nomura Asset Management UK has appointed Philip Sellers as an advisor to its London-based operation.

UK - Employee benefits consultancy Gissings has been hired by Stevenage-based IT company LOGiCOM to provide full pensions services in the UK and across the firm's European locations.

UK - The FTSE4Good index series is now complete with the launch of two new benchmarks - the FTSE4Good Global Index and the FTSE4Good US Index.

UK - Pension review progress has received a further boost with new figures released today showing three quarters of the review is now complete with offers made to consumers so far amounting to £8bn in total.

UK - The £180m Scottish Borders Council Superannuation Fund is reviewing actuaries Hymans Robertson and will decide on its future with the firm in December.

UK - Gartmore chairman Paul Myners is to step down from his 14-year post at the end of November.

UK - Employee benefits firm Gissings has been appointed by the University of Reading Employees' Pension Fund to provide pensions administration, accounting and pension payment services with effect from April 2002.