United Kingdom

UK - Pension schemes have been warned against following Boots and make a wholesale move into bonds.

UK - Former Merrill Lynch Investment Managers fund manager Alistair Lennard described in court the rationale behind his construction of the Unilever Superannuation Fund portfolio during his second day in the witness stand.

UK - Fidelity Investments has launched three new institutional pooled funds - the UK Multi-Manager Fund, the UK High Alpha Fund and the Pan-European Fund. The UK Multi-Manager fund, benchmarked against the FTSE All Share index, will offer clients a portfolio...

UK - Pension schemes are being urged to put up to 15% of their funds in alternative assets, according to consultant Hymans Robertson.

UK - Fund managers face a substantial cut in equity income because of a reduction in pension scheme transactions, consultant Bacon & Woodrow warns.

UK - WestAM, the EUR39bn investment management arm of German bank WestLB - has strengthened its London based global fixed income and currency team with the appointments of Jim Hurlin and Ju Yen Tan.

UK - HBOS is to develop a new fund management operation for institutional and retail investors, in a bid to become one of the top investment houses by 2006.

UK - Glasgow-based Britannic Asset Management (BAM) is boosting its pooled client management team with the appointment of Ken Harvie.

UK - Multi-manager SEI Investments has appointed Nigel Down as client service director to its institutional team.

UK - One time Mercury Asset Management (MAM) star Alistair Lennard finally came under the spotlight on Tuesday, criticising Carol Galley's preoccupation with running MAM, as well as drawing attention to Unilever Superannuation Fund (USF) disappointment...