United Kingdom

UK - Bedlam Asset Management's global equities fund has failed to beat the MSCI World Index over the first quarter.

UK - Property fund manager Invesco Real Estate has shaken up the management structure of its European business.

UK - Multi-Management specialist RMB International has launched a focused opportunities fund available in both US dollar and euro denominations.

UK - Trustees of the former Scottish engineering firm Blyth & Blyth have initiated legal proceedings against the scheme actuary and his employers, the Mellon Human Resource and three former trustees, all of whom were directors of the company.

UK - Watson Wyatt has appointed Margaret Frost as a senior research analyst to its global investment manager research team.

UK - Consultants Watson Wyatt today warned that far from saving companies £80m a year, the Pensions Bill could cost companies an extra £400m or more.

UK - Ministers must slow the pace of pension reform to give trustees time to adapt to increased expectations on them, the Pensions Management Institute claims.

UK - State Street Global Advisors (SSgA) has hired Mark Webster as senior portfolio manager to its active equity group from Exeter Investment Group.

UK - OVER 90% of firms have no plans to compensate executives for the tax increase they may face after A-Day, a new survey shows.

UK - Attempts by the ombudsman to amend the Pensions Bill to give his office greater powers than the High Court have been blocked by the government.