United Kingdom

UK - The Investment Management Association (IMA) said it was disappointed the final eligibility rules were unlikely to coincide with A-Day.

UK - The 3,500 members of the £170m defined benefit Ilford Pension Scheme are currently in a state of limbo as the Independent Trustee Services (ITS) appoint Mercer Human Resourcing to run its administration services.

UK - With close to a 50% market return, investing in emerging markets has helped UK pensions funds achieve an average 2005 performance of 18.2%.

UK - Pension funds are beginning to embrace a multi-manager approach which combines top-down asset allocation with a targeted risk multi-manager solution, Baring Asset Management (BAM) has claimed.

UK - Henderson Global Investors (HGI) have lost approximately £1bn in mandates after the £3bn London Pension Fund Authority (LPFA) reviewed its investment strategy.

UK - Newton Investment Management, a subsidiary of Mellon Financial Corporation, has appointed Nick Clay and Rob Marshall-Lee as joint managers of the Newton Income Fund.

UK - Paul Price will leave Massachusetts Financial Services in Q1 2006 to join Pioneer Investments as head of institutional for its international division.

UK - The International Monetary Fund (IMF) has called for a "simpler and more coherent system of public and private pension provision".

UK - Rentokil Initial have confirmed they will set up a DC pension plan to replace their existing DB scheme.

UK - Northern Trust has made two senior pooling appointments to its asset servicing business in London