United Kingdom

UK - An offer by some MPs to scrap their final salary pensions has been rubbished as a "token gesture" by leading consultants.

UK - Gartmore Investment Management is to enter the institutional multi-manager market following the acquisition of the majority of Govett Investments' business.

UK - Henderson Global Investors has completed implementation of Russell/Mellon CAPS's IMS Enterprise system.

UK - Administrators should focus on meeting member expectations rather than faster turnaround times, delegates at the recent Pension Show heard.

UK - The University of York has reached a compromise deal with non-academic staff to keep their final salary scheme open.

UK - Private equity is gaining ground with local authorities although some schemes are being held back by the need for more immediate returns.

UK - The Local Authority Pension Fund Forum is urging members to oppose BSkyB's remuneration report at the media group's annual general meeting today.

UK - Companies must be more selective and aggressive in their employee communications if they want to boost scheme take-up, delegates at the recent Pension Show were told.

UK - Employers could slash their money purchase operating costs by 50% if they dropped third-party administrators in favour of "semi-bundled" packages, Standard Life claimed.

UK - Swiss Life Asset Management has been bought by brokerage firm King & Shaxson for an undisclosed amount.