United Kingdom

UK - Fund manager Hermes Pensions Management has frozen bonus payouts to three key executives at its Focus Asset Management arm for last year.

UK - Norwich Union has been ordered to pay £10,000 to a chartered accountant for failing to provide adequate advice on its scheme liabilities.

UK/NETHERLANDS - ABN AMRO and Mellon Financial Corporation have announced that ABN AMRO Mellon Global Securities Services BV has received all necessary regulatory approvals from De Nederlandsche Bank, the Central Bank of the Netherlands, and the Financial...

UK - The Financial Services Authority has begun a campaign to alert workers to the pitfalls of cashing in their pension before retirement.

UK - SEI has appointed Alan Lauder as managing director of institutional distribution partnerships.

UK - AXA Rosenberg Investment Management's equity alpha funds reached hit the E550m mark at the end of 2002.

UK - Nearly 40% of small to medium-sized final salary schemes are in danger of being closed due to funding fears and regulatory uncertainty, SEI claims.

UK - Isis Equity Partners, a unit of Isis Asset Management, has made a new appointment.

UK - Mellon Global Alternative Investments has hired Stuart Slater as senior research analyst.

UK - Investec Asset Management has strengthened its global equity team with the appointment of Mark Breedon as a fund manager for emerging markets.