United Kingdom

UK - Insight Investments has recruited several leading figures from Schroders' fixed income team following Michael Amey's move to PIMCO.

UK - Threadneedle Investments has recruited Simon Bond to its fixed income team.

UK - Axa Investment Managers has poached a US fixed income team from Advantus Capital Management.

UK - Schemes have been warned that unconstrained benchmarks could increase their portfolio risk.

UK - A West Yorkshire-based publishing house has been fined for 26 separate failures to pay scheme contributions despite its provider failing to alert the company to the problem.

UK - Tractor giant Agco spent £8m on legal fees to win its pensions battle with workers made compulsorily redundant.

UK - Office property returns have fallen to their lowest level in 10 years, Jones Lang LaSalle's latest UK Property Index shows.

UK - A qualitative review of Myners's investment principles will be published by the department for work and pensions this autumn.

UK - Two-thirds of all employees do not understand the pension schemes being offered by their employers, research from Black Mountain reveals.

UK - Pension funds have welcomed a diluted version of the Higgs Review on corporate governance which has been incorporated into a revised code for boardrooms.