United Kingdom

UK - IPN's sister title, Global Pensions, has revealed that some consultants' claims of holding independent beauty parades for manager-of-manager products are flawed due to the firms protecting their proprietary manager research.

SWITZERLAND/UK - Zurich Financial Services has continued selling-off its non-core business division by divesting the business of Zurich Life Assurance Company (Zurich Life) to Swiss Re for US$460m.

UK - Standard Life's funds under management rose £3.3bn to £86.6bn in the six months to May this year.

UK - The FSA must deliver clarity on its money-laundering rules in a bid to avoid financial industry uncertainty, Beachcroft Wansbroughs Consulting warns.

UK - OPRA has published guidance on the calculation and payment of cash equivalent transfer values following the introduction of new regulations.

UK - The Association of Consulting Actuaries has updated its list of members.

UK - Stakeholder pensions have been branded "a flop" by the Conservative Party after latest figures showed sales were way off target.

UK - Royal London Asset Management has launched a new high-yield flexible bond fund.

UK - An imminent collapse in bond markets will slash firms' pension liabilities, consultants claim.

UK - People are not financially literate enough to cope with personal finance, a survey of UK finance directors shows.