United Kingdom

UK - Glass manufacturer Pilkington looks set to freeze its £1bn final salary scheme following an interim actuarial valuation.

UK - Old Mutual Asset Managers has won its first UK alternative institutional mandate - a segregated account worth US$50m (£31m).

UK - Actuary Punter Southall has won its first local authority client - the £700m Dorset County Council Pension Fund.

UK - The £860m West Sussex County Council Pension Fund is seeking a global custodian to take responsibility for around £710m of its assets.

UK - Accountancy giant PricewaterhouseCoopers is refusing to respond to the pensions Green Paper because it believes the government is simply recycling questions.

UK - Schroders has posted an £18.9m profit before tax in its preliminary results for the year to December 31, 2002.

UK - Northern Trust has retained its global custody, securities lending, cash management and performance monitoring brief at Strathclyde Pension Fund for another five-year term.

UK - Consulting actuaries Lane Clark & Peacock has appointed of Michael Berg as a new senior pensions consultant in its London office.

UK - AXA Sun Life has announced it is to slash terminal bonuses on its pensions by 18%.

UK - Engineering company GKN looks set to increase contributions from £18m to £20m into its ailing £1.5bn pension fund this year.