United Kingdom

UK - Construction giant Aker Kvaerner is severing its ties with Capita Hartshead and bringing its pensions administration back in-house.

UK - Exposure to private equity and hedge funds remains low despite the majority of investors being "satisfied" with performance figures, a new survey reveals.

UK - Senior members of the government-sponsored Employer Task Force on Pensions fear their findings will be "swept under the carpet".

UK - Members of the state-funded Race Equality Council's final salary scheme have been warned they could lose their death and sickness benefits permanently.

UK - The future of Edinburgh Fund Managers could rest on a successful takeover deal by Isis Asset Management, industry sources claim.

UK - More than three-quarters of employer-sponsored stakeholder pension schemes remain "empty boxes", research by the Association of British Insurers shows.

UK - Brown Brothers Harriman Investor Services is to establish a direct custody facility in the UK.

UK - PIFC Consulting has recruited Peter Taylor as managing director of People Solutions - its newly-formed human resources division.

UK - Schroder Investment Management has launched a range of structured products which will allow schemes to match their liabilities, manage risks and protect returns.

UK - A third of companies would be willing to give employees a day off to sort out their pension arrangements, new research suggests.