United Kingdom

UK - Brewing giant Scottish & Newcastle is expected to increase its pension scheme contributions after revealing a £523m deficit.

UK - Watson Wyatt has revamped its investment strategy division with a brand new focus on risk and risk management and a brand new team.

UK - The £1bn Kvaerner Pension Fund has appointed JPMorgan Alternative Asset Management to run its first allocation hedge funds.

UK - Chris Kenny has been appointed head of life and pensions at the Association of British Insurers. He succeeds Alan Woods who will be returning to the department for work and pensions following his period of secondment.

UK - Former ASW workers have pledged to continue their battle over lost pensions irrespective of the findings of an internal probe by the European Commission.

UK - The Financial Services Authority has published a range of proposals designed to ensure fairer treatment of investors in with-profits funds.

UK - Credit Suisse First Boston's plans to consolidate its 14 final salary and money purchase schemes will make it vulnerable to discrimination claims, leading lawyers say.

UK - Schemes equity weightings are "unrelated" to their funding positions, new research by Watson Wyatt reveals.

UK - First State Investments (UK) has closed its Asia Pacific and Emerging Market portfolios after inflows of £1.5bn.

UK - Software provider AFA systems has completed its acquisition of rival Strategic Asset Management Solutions.