United Kingdom

UK - Fund managers are under pressure to restructure to meet increased competition and become more cost-efficient, a new survey shows.

UK - The NAPF's recommendation that pension funds should abstain from re-electing Tesco's chief executive has been described as "daft" by a corporate governance expert.

UK - Personal Pensions Management has boosted its senior management team with the appointment of Kevan Ward as marketing and development director.

UK - Hartnell Taylor Cook has appointed Sarah Taylor as senior surveyor in its investment team.

UK - Experts fear it will take a string of large corporate bankruptcies to force the government to tighten laws on security for pension scheme members.

UK - Scottish Life has promoted Jim Smith to the role of sales director. Smith replaces Jim Gilchrist who is set to retire on July 1 and will report directly to Scottish Life chief executive Brian Duffin.

UK - Pensions are losing popularity as a savings vehicle for retirement, research by Marketing Sciences reveals.

UK - Software house Riskdata has unveiled an online, interactive risk-management service, which monitors the risk profile of investment managers, hedge funds and funds of funds.

UK - The UK insurance industry suffered a huge blow from the Equitable Life fiasco, where the company was forced to reduce bonuses to policyholders after the House of Lords ruled that guaranteed payments to certain policyholders had to be honoured.

UK - Lawyers are urging firms to carry out periodic checks on their employees' eligibility to be in a company pension scheme to avoid maladministration claims.