United Kingdom

EUROPE/UK - Northern Trust Global Investments Europe (NTGIE) has appointed Stephen Watson as portfolio manager to its active international equities team in London.

UK - Projections on the returns of with-profit annuities are misleading and should be revised in accordance with current market conditions, warns The Annuity Bureau.

UK - There is "no room for error" in DC administration, DC Solutions head of business development Ian Buchan claims.

UK - Trustees have been warned about the extra Data Protection Act burdens they face when running DC schemes.

UK - Schemes are set to clash with supermarket giant Tesco over its poor corporate governance record at its upcoming annual general meeting.

UK - Mercer Human Resource Consulting is to provide pensions management and administration services to the £300m group pension scheme for international aviation and materials technology company, BBA.

UK - Statutory money purchase illustrations will shock and confuse members, while driving up scheme costs experts claim.

UK - During the past decade early retirement has increased dramatically, particularly in the public sector, to the extent that it became an expectation in many organisations.

UK - Isis Asset Management has called on fund managers to follow its lead and waive initial charges when schemes reinvest dividends in DC funds.

UK - Private equity firm Kohlberg Kravis Roberts & Co has appointed Jacques Garaialde as managing director.