United Kingdom

UK - Isis Asset Management has engaged with more than 500 firms this year on corporate governance and social responsibility issues.

UK - KPMG employees will find out next month whether the accounting giant will scale back pensions benefits to cope with its schemes' £71m deficit.

UK - English Welsh & Scottish Railway has been penalised by the pensions ombudsman for giving incorrect salary information to its scheme administrator.

UK - Cheval Properties has purchased a £125m retail portfolio of 34 shops from Morley Asset Management.

UK - Defined contribution scheme members can boost the value of their funds by using actively managed funds, Merrill Lynch Investment Managers claims.

UK - Investec Asset Management's flagship money market fund has raised over £500m since its launch in January 2002.

UK - The number of firms reviewing their final salary schemes is increasing but most do not opt for closure, research by Watson Wyatt shows.

UK - Pensions Investment Research Consultants joined the NAPF in recommending an opposition vote on the remuneration report of construction firm, Berkeley Group.

UK - The National Association of British Steel Pensioners is set to merge with the National Federation of Post Office & BT Pensioners.

UK - Schemes are being urged to put more money into smaller quoted companies for the "good of entrepreneurial Britain".