United Kingdom

UK - Tightening lax administration procedures will help schemes prevent fraud and cut costs from system errors.

UK - The government must "learn the lessons of stakeholder" and stop meddling in the design of pensions and savings products, the Association of British Insurers warns.

UK/US - Pension schemes are welcoming new international tax rules which simplify benefits for firms in the UK and the US.

UK - Schroder Property Investment Management is urging schemes to increase their allocations to the residential sector, despite fears about a market slowdown.

UK/EUROPE - Barry Sagraves has been appointed to the newly created post of chief executive officer of Northern Trust Global Investments' European investment business, headquartered in London.

EUROPE/UK - Investment manager Schroders has launched a second private equity fund of funds targeting £250m.

UK - Unions have hit out at institutional investors which failed to vote against increases to the Corus executive bonus scheme at the firm's annual general meeting.

UK - PricewaterhouseCoopers is holding a pensions breakfast seminar on May 14.

UK - Members of the Association for Institutional Multi-Manager Investing have seen assets under management soar by £600m since the beginning of 2002.

UK - The government is becoming "increasingly out of touch" with people over pensions, a survey commissioned by Help the Aged shows.