United Kingdom

UK - Citigroup Asset Management is launching a fixed income investment fund aimed at UK pension schemes.

UK - Pensioners have hit out at the government for refusing to increase the required number of member-nominated trustees on scheme boards.

UK - Property manager Healey & Baker Investment Managers has returned 14.4% for the year to March 2004, ahead of the IPD Index which returned 13%.

UK - Midas Capital Partners' corporate pension fund has returned 39.5% for the year to March 31, outperforming the WM 2000 index by 16.2 percentage points.

UK - The Local Government Pension Scheme must evolve to meet the "critical" challenges ahead, a minister at the Office of the Deputy Prime Minister told delegates.

UK - Insight Investment has acquired the £155m McKenzie commercial property portfolio from Glasgow-based Kintyre Properties.

UK - Occupational pension payments should be more flexible to fit in with the needs of retired workers, software provider CTC claims.

UK - The Transport & General Workers' Union is urging the government to increase the compensation package for workers who lost pension savings when their firms collapsed.

UK - The £579 Medical Research Council Pension Trust has dropped balanced managers Deutsche Asset Management and Merrill Lynch Investment Management, following a review of its investment strategy.

UK - Standard Life has appointed group finance director John Hylands to head up the project team that will demutualise the company.