United Kingdom

UK - Watson Wyatt has been forced to turn to US-based fund managers to run 10-year mandates because their UK counterparts lack the skills to run them.

UK - State Street's Global Securities and Services business has made a profit in 2003, a year after buying Deutsche Bank rival operation for $1.5bn (£959.5m).

UK - Legal & General has produced an in-depth and easy-to-read analysis for IFAs on the government's pension tax simplification proposals.

UK - ISIS Asset Management has strengthened its European team with the appointment of Adrian Fowler as director, European equities.

UK - Third-party administrator Capita Hartshead has been found guilty of maladministration of its own money purchase scheme.

UK - Lawyers fear OPRA's guidelines on whistleblowing could become mandatory with fines for non-compliance.

UK - The Pensions Protection Fund could encourage trustees to make high-risk investments, lawyers warn.

UK - Northern Trust's UK manager-of-manager assets under management now exceed £1.5bn.

UK - Ashmore Investment Management has assets under management in excess of $5bn in emerging market debt.

UK - Employers will be forced to give staff information about pension provision in a bid to boost take-up, under plans being drawn up by the government.