United Kingdom

UK - SEI Investments has expanded its institutional team by creating three new roles.

UK - The National Health Service looks set to bring in a new final salary scheme in 2005 to bring workers' benefits in line with changing legislation.

UK - Innovest Strategic Value Advisors is to train 400 UBS Investment Bank senior executives on how to include environmental factors when assessing investment risk and opportunity.

UK - Tories and Liberal Democrats have blamed Labour for Britain's pension crisis and claim the government's policy is now in "meltdown".

UK - The financial services regulator has fined Northern Bank £1.25m for breaching money laundering rules.

UK - Textile manufacturer Sherwood Group has appointed Barnett Waddingham to advise on the future of its £11m DB scheme.

UK - Two former Profund managers - Lesley Carline and Kirsty Worgan - have set up business development consultancy Syrrius for third-party administrators.

UK - Scottish Widows Investment Partnership has appointed Peter Cockburn as investment director of UK equities from troubled Edinburgh Fund Managers.

UK - More than a third of workers "do not care" how much their pension will be worth on retirement, research from KPMG reveals.

UK - Giles Calvert-Lee, formerly of ING Real Estate, has joined Schroder Property Investment Management as office sector fund manager of the Schroder Exempt Property Unit Trust (SEPUT).