United Kingdom

UK - A key architect behind the government's Pensions Protection Fund has admitted its design is flawed and that it will be another burden on schemes.

UK - Man Group has appointed Jonathan Nicholls to the board of directors as an independent non-executive director with effect from March 24.

UK - Schemes joining securities class action lawsuits will destroy their lines of communication with companies along with management's ability to run them, delegates were told.

UK - Friends Provident has been named one of the top FTSE100 firms for corporate governance.

UK - Man Group, the global provider of alternative investment products, said that pre-tax profits for March 31, 2004 will be "materially" in excess of current market expectations of £425m (e633m).

UK - Trustees should invest in small-cap stocks to reduce their portfolio risk and increase returns, delegates were told.

UK - Trustees have three months to adopt key principles in the Myners Report before the Treasury "takes stock" of non-compliance.

UK - The SIPP and SASS market is seeing a significant rise in property investment, new research shows.

UK - Workers who have lost their pensions when their firms collapsed will demonstrate outside the Treasury in Whitehall today (Thursday) in their fight for compensation.

UK - Aviva chief executive Richard Harvey received a £1.1m top-up to his pension pot, the insurer's annual report shows.