United Kingdom

UK - James Bowler has been appointed global sector leader for pharmaceuticals and will take over coverage of large cap pan-European pharmaceuticals.

UK - Companies will have to undertake a massive education exercise to ensure members understand that money purchase schemes are not covered by government protection measures, consultants say.

UK - Trustees of the Cheney Pension Scheme have been granted continued funding from the Pensions Compensation Board for a further six months.

UK - Bank of Ireland Asset Management UK has won eight mandates totalling more than £650m in the first half of 2003.

UK - Morley Fund Management has unveiled a website for trustees seeking to maximise their understanding of the fund management industry.

UK - Members of the Maxwell Communications Pension Plan have been asked to consider taking their savings elsewhere in order to reduce pressure on the scheme.

UK - The £300m Water Companies Pension Scheme has dropped Gartmore Investment Management from its active UK mandate.

UK - Winterthur Life is promoting a sustainable income drawdown illustration tool on its secure IFA website.

UK - Close High Income Properties is set to buy seven investment properties with a total value of £14m.

UK - UBS Global Asset Management has appointed three new people to its continental Europe real estate business.