United Kingdom

UK - Surrey County Council Pension Fund has dropped Baring Asset Management and Deutsche Asset Management as fund managers.

UK - A two-year inquiry into the UK's investment system has slammed the "biggest institutional investors" for failing in their responsibilities as owners.

UK - Mellon Financial Corporation's European operation has been added to the Balanced Scorecard Hall of Fame.

UK - More water companies may have to use profits to plug pension deficits rather than improve services, an industry consumer group warns.

UK - The charge cap on stakeholder pensions is set to rise from 1% to 1.5%.

UK - The £3bn Unilever UK Pensions Scheme is looking to improve the flexibility of its benefit package to help members avoid the £1.5m pensions cap.

UK - Dunstan Thomas has launched a software package which allows providers to offer bespoke, enhanced annuity rates to policyholders.

UK - As part of the repositioning of its business as a multi-specialist asset manager, Britannic Asset Management today said that had appointed four chief investment officers for its "core areas".

UK - Pension scheme running costs will soar when third-party administrators face new regulation costs next year, the Society of Pension Consultants warns.

UK - Fund management software provider DST has launched a fixed income attribution solution which analyses the performance of bond funds.