United Kingdom

UK - AXA Investment Managers (AXA IM) has completed the transfer of its UK investment operations to State Street Corporation.

UK - Mercer Investment Consulting has launched an investment platform for defined contribution (DC) pension schemes aimed at enabling trustees and plan sponsors deliver efficient DC investment options and benefits to their members.

UK - Capita Hartshead has been appointed third party administrator of the Safeway Pension Scheme.

UK - Old Mutual Asset Managers (OMAM) has appointed RBC Global Services to act as its UK fund administrator, global administrator, fund accountant and global custodian, alongside The Royal Bank of Scotland Trustee & Depositary Services as trustee provider....

UK - Mercer Human Resource Consulting has slated a government provision under the Financial Assistance Scheme (FAS) for people who have lost pensions due to their employer's insolvency, denouncing it a "cliff edge" approach and "hugely unfair".

UK - Balanced pooled pension funds posted a median return of 1% for January, according to Russell/Mellon.

UK - Credit Lyonnais Group UK Pension Scheme and its trustees are suing Watson Wyatt, claiming that the consultant overstated the funding position of the pension scheme.

UK - Property is set to deliver double-digit returns of 10.5% in 2005, before steadying at an average of between 7% and 8% in the next four years, according to Scottish Widows Investment Partnership (SWIP).

UK - The TUC has welcomed a government announcement on a provision for the pension protection scheme - the Financial Assistance Scheme - for victims of pension fund collapses in the UK.

UK - Credit Lyonnais Group UK Pension Scheme and its trustees are suing Watson Wyatt, claiming that the consultant overstated the funding position of the pension scheme.