United Kingdom

UK - Boardrooms will come under greater scrutiny when the new combined code on corporate governance comes into effect on Saturday, but a handful of breaches are expected.

UK - Friends Provident has appointed Philip Thitchener manager of its Activ multi-manager range of corporate pension funds.

UK - Insight Investment has been awarded a mandate to manage £9m in fixed income assets for the Windsor Pension and Life Assurance Scheme.

UK - The National Association of Pension Funds is having to redraft its literature to express an "element of risk" in final salary schemes.

UK - The £600m Somerset County Council Pension Fund has put the majority of its assets out to tender in a move from balanced to specialist investment management.

UK - The Association of Pensioner Trustees has elected John Bradley as its chairman.

UK - Robert Ivey has quit his post as principal and head of financial planning at Towers Perrin to join industry rivals Mercer Human Resource Consulting, London.

UK - David Pegler has joined UBS as a director.

UK - Isis Equity Partners has appointed Paul Morris as investment director.

UK - Capping pension savings will break faith with middle and senior managers, the Carolgate Friendly Society claims.