United Kingdom

UK - London-based legal firm Allen & Overy has taken onboard the interests of a group of Railtrack shareholders who lost their money following the government's decision to hand over management of the rail group to the private sector.

UK - The £400m Taylor Woodrow Group Pension Life Assurance Fund has dropped active balanced managers Phillips & Drew and Standard Life Investments.

UK - The shift from defined benefit (DB) to defined contribution (DC) schemes is slowing down, a new study reveals.

UK - The Blagden Pension Scheme saga - which was finally settled after a compromise deal was reached - will not set a precedent over surplus cash entitlements.

UK - JPMorgan Investor Services was presented with the Queen's Award for Enterprise in International Trade 2001 at its global processing offices in Bournemouth, England.

UK - The £1.4bn pension fund for Leicestershire County Council may consider a move into hedge funds as early as next year.

UK - Baring Asset Management has taken another blow with the loss of two of it directors.

UK - Solus Investment Partners, the institutional investment management arm of Brown Shipley, is to offer multi-manager service through intermediaries seeking a managed portfolio of collective investments for their clients.

UK - Trustees of the Marconi Pension Scheme have called for an interim review of the fund.

UK - The value of UK pension funds has continued to plunge and could lead to a decline in equity investment and an increase in bonds, WM Company claims.