United Kingdom

UK - The £3bn London Regional Transport Pension Fund has halved its foreign exchange transaction costs by adopting Record Currency Management monitoring services.

UK - At the AGM of the UK's Association of Property Unit Trusts Simon Radford, chief executive of Atlantic Fund Management, was elected as the new chairman, succeeding Ian Mason.

UK - Chancellor Gordon Brown's decision to axe advanced corporation tax has cost pension schemes almost £30bn, the Institute for Fiscal Studies claims.

UK - A Labour MP has attacked the "blue-eyed boy" trustee system of failing pension scheme members and wants the whole structure reformed.

UK - Engineering firms have rejected moves for an industry-wide scheme - even though employer groups hail it as a saviour for the troubled sector.

UK - Two-thirds of FTSE100 companies have complied with the Association of British Insurers' guidelines on socially responsible investment.

UK - HSBC has appointed Mike Trippitt as head of European banks research within its corporate, investment banking and markets business, starting March 2003.

UK - Contributions into executive pensions have grown by 70% in the last five years while those for ordinary employees have fallen, new research shows.

UK - The organisers of The Pension Show are delighted to announce that due to popular demand, the one-day Forum on Pension Scheme Administration will return to the Business Design Centre, Islington, London, on 30 April.

UK - Pension fund administrator Paymaster is seeking voluntary redundancies from staff in its payroll department, sources have told Professional Pensions.