United Kingdom

UK - Aberdeen Asset Management looks set to complete the purchase of Deutsche Asset Management and DWS Investment Funds on 6 July .

UK - Standard & Poor's has issued guidelines aimed at helping UK pension schemes formulate both policy and a timeframe to eliminate scheme deficits.

UK - ABN AMRO has warned the new UK pension funding rules will force employers and trustees to consider using contingent funding structures to solve funding issues and clear pension deficits.

UK - Hermes, the British Telecom (BT) in-house pension find manager, has moved to quash media reports that it is about to move 10% of its asset allocation into alternative investments, such as private equity and hedge funds.

UK- The Financial Services Authority has fined Citigroup Global Markets Limited (CGML) £13.9m over its trading activities in the European government bond and derivatives markets in August, 2004.

UK - Northern Trust has appointed William A. Misata Jr as vice president, relationship management within the Global Fund Services (GFS) team.

UK - Ciba Specialty Chemicals has appointed Watson Wyatt to manage its UK pensions administration and accounting functions, replacing KPMG.

UK- Tony Watson (pictured), the chief executive of Hermes Pensions Management, has called on the government, trade unions, investors and business to end what he called the perceived short-termism in the City.

UK - A poll, commissioned by Baring Asset Management (BAM), of UK pension schemes has reveals that, while an average of 60% of their total assets are in equities, only 7% are allocated to Asian equities (including Japan). 

UK - Hewitt Associates, a global human resources services firm, hasannounced the appointment of Jerry Edmondson to its Talent andOrganisation Consulting (TOC) group in the UK.