United Kingdom

UK - Beleaguered investment house Edinburgh Fund Managers has lost one of its largest pension fund clients, the £1.2bn Bank of Scotland Pension Scheme.

UK - The rate of change from final salary to money purchase pension provision will be highlighted in the fourth JPMorgan Fleming defined contribution survey.

UK - Prime minister Tony Blair has alarmed pensions experts by indicating he plans to "redraw" the welfare state.

UK - Cabinet opposition threatens to scupper tax simplification changes which many industry experts see as a lifeline for beleaguered schemes.

UK - Financial adviser Heath Lambert Group has promoted Mike Bruce to chief operating officer in the UK.

UK - More than 300 Northern Ireland scheme members face massive cuts in their pensions after their firm - majority-owned by the Irish government - closed down.

UK - Railpen Investments, the £12bn Railways Pension Scheme's in-house fund manager, has hired Mellon European Fund Services to provide investment accounting services.

UK - Credit Suisse Asset Management has appointed David Jones as vice-president, institutional marketing.

UK - Pension funds are being urged to "consider carefully" any investments in genetically modified food producers after a major player had its credit rating slashed.

UK - Employers have been warned to brace themselves for an angry backlash from staff when they see how falling markets have hit their retirement pots.