United Kingdom

UK - The deficit for final salary pension schemes of FTSE 100 companies fell by £35bn since the beginning of the year, according to Deloitte.

UK - Mellon Transition Management Services (MTMS) group completed a transition management mandate for the London Borough of Brent Pension Fund (LBBPF) £130m global equity portfolio.

UK - Three fund managers and three analysts in Insight Investment's UK equities department were made redundant following performance problems.

UK - Morgan Stanley Investment Management has entered the liability driven investment market, targeting pension funds concerned about their asset liability mismatch.

UK - Bradley George has joined Investec Asset Management as an investment analyst after seven years with Goldman Sachs International.

UK - The issue of whether a pension plan's accounts should be consolidated with those of the sponsoring company needs to be addressed, said the Accounting Standards Board.

UK - F&C Asset Management's call for greater use of liability driven investment strategies among local authority pension funds has been rejected by industry insiders.

UK - Pending European age discrimination legislation could discourage occupational pensions and defined contribution arrangements, Mercer has warned.

UK - Friends Provident, the insurance group, will be closing its final salary scheme for new employees and offering them a defined contribution plan instead.

UK - The assets under management in the UK have topped £3trn, according to Investment Management Association (IMA) estimates.