United Kingdom

UK - HSBC Asset Management has recruited Julian Lyne as director for institutional investment.

UK - The major who cheated TV's Who Wants to be A Millionaire is to keep his army pension entitlements despite being forced to resign.

UK - Thomson's Group chief executive Douglas Gardner has been appointed a member of the FSA's financial services practitioner panel.

UK - Final salary scheme trustees can slash costs by using impaired or enhanced annuities, GE Life claims.

UK - Balanced pooled funds soared in value over the last quarter as the equity market showed signs of recovery, the latest IMAGE survey by HSBC Actuaries reveals.

UK - A Diabolical quarter for the manufacturing sector will put further pressure on employers to cut pensions costs, the Engineering Employers' Federation fears.

UK - Unions have welcomed draft regulations aimed at clarifying pension rights for part-time workers.

UK - A shift by mid-market firms from defined contribution schemes to low-cost stakeholder plans could trigger a new wave of closures, consultants fear.

UK - City regulators are to introduce controversial new rules to stop IFAs from using insurance cover to pay fines.

UK - Thousands of schemes are faced with an "impossible" deadline to comply with new transfer regulations, consultants warn.