United Kingdom

UK/EUROPE - Harmonisation of European financial rules would end up stifling competition and innovation in the IFA market, the Financial Services Authority warns.

UK - Morley Fund Management has lost Lyndsey Pilling to UBS Global Asset Management as the latter continues to strengthen its string of new appointments.

UK - Women are more likely to face poverty in their old age than men, a TUC study claims.

UK - British workers have unrealistically high salary expectations and should be looking to save more instead, a new study shows.

UK - Local authorities do not need to treat overtime pay as pensionable unless it is contractual, the Court of Appeal has ruled.

UK - OPRA and the FSA have produced an information note to help scheme members understand statutory money purchase illustration statements.

UK - Fund managers are predicting a resurgence in balanced mandates - despite the huge growth in specialist management and multi-managers.

UK - Unions have attacked a decision by construction supply firm Travis Perkins to close its final scheme to all new employees except management.

UK - Workers are concerned about their company pension schemes but remain alarmingly complacent about their retirement income, Cavendish Asset Management claims.

UK/EU - Innovest Strategic Value Advisors has launched an audit check which will allow schemes to see how carbon risks affect companies in which they invest.