United Kingdom

UK - Industry and civil service veteran Sir Bryan Carsberg has been appointed chairman of the Pensions Compensation Board.

UK - Glasgow-based Britannic Asset Management's (BAM) saw first half profits slump to £8.8m, down £1.9m on the same period last year.

UK - L&P Systems has won the contract to provide pension administration to Flint Ink, the UK subsidiary of the world's second largest ink producer.

UK - JP Morgan Fleming Asset Management is to merge its two heritage life companies.

UK - A growing number of UK schemes are increasing diversification of their portfolios following investment strategy reviews.

UK - Investment style and sector decisions rather than geographical allocations have allowed fund managers to outperform over this year, a new study shows.

UK - Merrill Lynch Investment Managers (MLIM) has appointed Clare Berthoud as director of its charities team. She joins from Schroder Investment Management and will take up her post this month.

UK - Investment giant Credit Suisse Asset Management (CSAM) has hired Ella Brown as the firm's London head of European Equity Research.

UK - State Street Global Advisors (SSgA) has appointed former Merrill Lynch Investment Managers (MLIM) assistant vice president Nick Pidgeon as its new investment manager, cash management.

UK - Fund manager F&C Management has added Friends First Asset Management to its operations, adding £2.7bn (EUR4.4bn) to its total assets under management.