United Kingdom

UK - Logistics company Tibbett & Britten is outsourcing the administration of its £285m final salary scheme to Jardine Lloyd Thompson.

UK - HSBC Securities has lost Richard Batty to Standard Life Investments.

UK - A shift away from balanced mandates is forcing some fund managers to reinvent their product ranges.

UK - The ING Pension Trust Fund has outsourced its defined benefit scheme's administration to Capita Hartshead.

UK - A majority of workers fear they will lose their pensions rights if their job is outsourced, a survey from Cap Gemini Ernst & Young shows.

UK - Average salary increases for pension staff fell from 8.5% in 2002 to 5.9% this year, a survey by Remuneration Economics shows.

UK - Axa Investment Management has launched an arbitrage hedge fund which aims to exploit the volatility levels of debt and equity in companies.

UK - David Bint, former quant analysis team head at JP Morgan, has joined Henderson Global Investors as director, global sectors and themes.

UK - Employee benefits consultancy Gissings has appointed Jim Kelly as director, business development of its Technology Managed Services unit.

UK - Including occupational pensions under TUPE for private sector transfers will create serious difficulties for employers, the Engineering Employers' Federation warns.