United Kingdom

UK - IFAs not regulated for pension transfer work will be able to pass on this work in return for a fee by using a new service.

UK - Banking giant HSBC is under fire after it merged a subsidiary's pension scheme -  which is in surplus -  into its own underfunded £3.25bn scheme.

UK - Directory provider Matrix-Data is holding a free half-day seminar to discuss the future direction and structure of the adviser market and the provision of financial advice.

UK - The £365m Kimberly-Clark pension fund has appointed The Bank of New York as its global custodian.

UK - The London Borough of Wandsworth is raising its council tax bill in order to plug a £70m pension scheme deficit.

UK - Aerospace giant BAe is giving its staff the chance to shape their own future pension provision.

UK - The £3.2bn London Regional Transport Pension Fund has appointed Barclays Global Investors to manage one of its three active UK equity portfolios.

UK - Barclays Global Investors has posted a pretax profit of £110m for 2002 - a 41% increase on the previous year.

UK - Prime minister Tony Blair's pension will "drive a coach and horses" through proposed Inland Revenue limits, Opposition MPs claim.

UK - GlaxoSmithKline and Unilever have both revealed massive pensions deficits in their latest financial results.