United Kingdom

UK - Gissings is to open a processing centre in Welwyn Garden City in April.

UK - Schemes should adjust their corporate bond portfolios away from UK companies to diversify risk, consultants and fund managers claim.

UK - The NAPF is urging its members to vote against the re-election of Dimension Data executive chairman Jeremy Ord.

UK - Insurance giant Prudential has purchased Olympus Plaza at Olympus Business Park near Gloucester for £2.68m.

UK - Citisoft, the specialist investment management consulting firm, has appointed Kevin Romiza as senior consultant.

UK - Standard Life has slashed bonus rates and payouts on its with-profits policies by 15%.

UK - Baring Asset Management has boosted its fixed-income team with two new hires.

UK - Using final salary contribution figures as a benchmark for money purchase schemes will distort any pension crisis, the government has been told.

UK - The London Stock Exchange has agreed to buy financial market software and data services provider Proquote in a bid to enhance its range of products.

UK - Proposed reforms to stop auditors offering extra consultancy services to clients have been slammed by corporate governance experts for not being tough enough.