United Kingdom

UK - Wendy Mayall said in the High court Wednesday that she told Alistair Lennard to "get on" with managing the UK equity portion of the Unilever Superannuation Fund.

UK - Legal & General has selected two Dresdner RCM Global Investors funds for its stakeholder pensions platform.

UK - The Association of Unit Trusts and Investment Funds (AUTIF) and the Fund Managers' Association (FMA) are in talks that could see the merger of the two organisations by early next year.

UK - Total pension assets in corporate bonds is expected to increase as the FRS17 accounting standard takes effect, according to Charles McKenzie, fixed income manager at Deutsche Asset Management (DeAM).

UK - In 10 years' time, there will be no defined benefit schemes as we know them now, according to Gerald Hough, managing director for European and Middle Eastern pensions at Deutsche Asset Management (DeAM).

SCOTLAND - The £180m Scottish Borders Council Superannuation Fund is eyeing specialist strategies in a move that could see the local authority fund tender its entire assets.

UK - The £430m Northumberland County Council Pension Fund has completed its manager reshuffle with three final appointments, leaving Merrill Lynch Investment Management and Schroder Investment Management counting a near £400m loss.

UK - AXA Rosenberg Investment Management (Europe), the specialist quantitative manager, has won its first pan-European mandate from a UK pension fund.

UK - Pirelli Common Investment Fund, formerly the Pirelli UK Tyres pension fund, has awarded a £64m global equity mandate to Dresdner RCM Global Investors.

UK - Pensions Management Institute president Ian Eggleden has presented the first ever Qualification in Public Sector Pensions Administration (QPSPA) certificates.