United Kingdom

UK - Cost-cutting pressures at traditional investment consultancy practices are beginning to cause delays in client services.

UK - Barclays Global Investors has launched two enhanced index fixed income funds which have already secured commitments from energy giant, ExxonMobil.

UK - The Pension Protection Fund will give members less than a third of their benefits instead of the 90% promised by the government, O&M Systems claims.

UK - The £450m Flintshire County Council Clwyd Pension Fund has appointed ABN Amro Mellon as its global custodian.

UK - Lincolnshire County Council's pension fund is set to appoint Western Asset Management to run a fixed income mandate in place of Morley Fund Management.

UK - Universities Superannuation Scheme is looking to hire a new chief executive following the retirement of David Chynoweth.

UK - Anti-age discrimination laws and company moves to "differentiate themselves in the market" will resurrect final salary schemes, experts claim.

UK/EUROPE - Trema Asset Management has sealed two new apointments in its sales team.

UK - Lombard Odier Darier Hentsch has appointed Christine Farquhar as head of fixed income.

UK - Hermes Asset Management has sold a Reading office to Gulf Finance House for £25.4m.