United Kingdom

SCOTLAND - The £6bn Glasgow-based Strathclyde fund is tendering for investment advisory and consultancy services.

UK - MPs are to press the parliamentary ombudsman to order the government to restore benefits to scheme wind-up victims, as well as compensation for distress.

UK - Pearl has dismissed claims that customers are being subjected to huge transfer penalties.

UK - Proposed changes to the Pensions Bill that would have slashed scheme levies to the Pension Protection Fund in half have been rejected by the government.

UK - Full buyout costs will be imposed on insolvent companies that wind up their underfunded defined benefit schemes under draft regulations from the government.

UK - Morley Fund Management and Parkridge Developments have teamed up to launch a central European distribution warehousing parks fund.

UK - Baring Asset Management (BAM) has strengthened its small and mid cap team with the appointment of three new team members.

UK - Actuarial and benefits consultancy Lane Clark & Peacock LLP (LCP) has won a £250m mandate to provide actuarial and investment consulting services to the Trustees of the Interbrew UK Ltd pension plan.

UK - Schroders have appointed Allan Conway (pictured) as head of emerging markets equities.

UK - Multi-manager Investment Solutions Limited has been appointed investment manager for the Whitgift Foundation's £4m closed defined benefit (DB) pension scheme.