United Kingdom

UK - Pension funds are opposing a takeover by finance company Collins Stewart Holdings because they believe the deal will dilute their shareholdings.

UK - TUC proposals on increasing shareholder voting disclosure will create an extra legislative burden for fund managers and pension scheme trustees, F&C Management claims.

UK - Communication is more important to the success of money purchase plans than contribution levels, Watson Wyatt claims.

UK - Imperial Chemical Industries has disclosed a 60% rise in the FRS17 deficit on its UK pension fund.

UK - Workers will close Britain's £27bn savings gaps when they receive their pension forecasts, the government claims.

UK - The £750m Cambridgeshire County Council Pension Fund has appointed UBS Global Asset Management to run a £130m global equities mandate.

UK - HSBC Alternative Investments has lured a team from Zurich's Mizuho Bank to set up a new Japanese equity market neutral fund later this year.

UK - Investment specialists have launched a "new kind of consultancy" to help scheme trustees meet Myners recommendations.

UK - Growing pension scheme disillusionment with equities has prompted GMO to market its hedge funds to them for the first time.

UK - The £530m Shropshire County Council Pension Fund is looking for a new manager for a £40m active US equities brief.