United Kingdom

RUSSIA/UK - Prosperity Capital Management has run the top three offshore equity funds over the last three years, figures by ratings agency Standard & Poor's reveal.

UK - Corporate responsibility ratings firm CoreRatings has appointed Anne-Maree O'Connor as its new head of research and engagement.

UK - Life insurer Clerical Medical is launching a new TV campaign to encourage more long-term savings.

UK - The Institute of Directors has accused proxy voting agency Manifest of misleading pension funds with its research on corporate governance practices.

UK - Plans to increase fund manager focus on shareholder activism have been outlined by the Investment Management Association.

UK - Three investment-made-easy guides for lay trustees have been issued by the NAPF.

UK - Trustees are being given the chance to rank their brokers in a survey that aims to increase transparency.

UK - OPRA has rapped Axa for scaremongering over claims that businesses face fines totalling £1.25bn for failing to set up pensions for staff.

UK - Greater collaboration is needed between pension schemes and fund managers to maximise the use of available skills, according to Fidelity Investments.

UK - Analysts hit out at the Financial Services Authority for insisting that research must be completely independent.