United Kingdom

UK - Investec Asset Management is targeting the growing UK DC market with the launch of a diversified hybrid fund that blends single and multi-manager offerings.

UK- Standard & Poor's has appointed eight new analysts to its European equity research team.

UK - BNP Paribas Asset Management has launched a global tactical asset allocation strategy to strengthen its offering for institutional investors seeking new sources of performance and diversification.

UK - New buy-out providers with little or no reserves have almost no ability to absorb any investment or mortality shocks, said L&G bulk purchase annuities sales director David Evans.

UK - The future of the PPF remained uncertain after the European Court of Justice ruled UK legislation did not ensure the protection of pensions was provided for by the Insolvency Directive.

UK - Barry Sagraves, head of NTGI's London-based operations, is to leave the company and will be replaced by William Huffman.

UK - Marks and Spencer has announced plans to plug its £704m DB pension deficit using an extensive property portfolio and redeeming secured bonds.

UK - Amicus stewards at British Airways have today voted to recommend the revised pension proposals made by the airline, as a £150m strike threat by cabin crew hangs in the balance.

UK - Amicus have accused WH Smith of recouping its 6% Christmas trading shortfall from employees' pensions and wages.

UK - The NAPF has questioned whether some of the principles outlined by Paul Myners in his 2001 review of investor practices are still relevant.