United Kingdom

UK - The Office for Standards in Education (Ofsted) has chosen the £4.6bn West Yorkshire Pension Fund as local government pension scheme (LGPS) administrator for its Early Years service.

UK - The growth of hedge funds continues unabated with New Star and Martin Currie unveiling new products.

UK - City watchdogs have rapped some of the UK's largest occupational pension schemes for failing to help with the mis-selling review.

UK - Royal & SunAlliance Property Investments, on behalf of RSA Life & Pensions, is to fund a new £26m retail warehouse development in Stoke-On-Trent.

SCOTLAND - Edinburgh Fund Managers (EFM) has appointed Chris Hegarty as a UK equities large cap manager.

UK - Independent Financial Advisors (IFA) are slipping behind on compensation payments to victims of the £11.5bn pensions mis-selling scandal.

UK - The FSA has announced fines against two Pearl group companies totalling £100,000. The two companies, Pearl Unit Trusts and Pearl Assurance have paid £345,854 of compensation to 1617 customers.

UK - The £4bn Unilever Superannuation Fund is to bring its £100m law suit against Mercury Asset Management to court in October.

UK - Niche fund manager Lombard Odier has lost more UK business and concedes it is being hit by the bear market.

UK - Royal & SunAlliance (RSA) has appointed Bob Gunn as group chief operating officer of its worldwide business.