United Kingdom

UK - Investors must accept the investment world has changed and will never be the same, Isis Asset Management claims.

UK - Corporate governance groups have vowed to fight any executive pension awards they feel are excessive, ahead of the coming proxy voting season.

UK - An active equity manager, which will return part of its fee to schemes if it underperforms, is to enter the UK market later this year.

UK - Towers Perrin is urging the pensions industry to back a hidden proposal in the Green Paper that could overhaul rules governing when and how retirement income can be taken.

UK - Pension funds saw their investments drop 14% last year, a preliminary report by the WM Company calculates.

UK - Accounting giant Ernst & Young has asked the High Court to strike out a £2.6bn law suit filed against it by beleaguered insurer Equitable Life.

UK - Opposition from insurance companies looks set to scupper government plans to set up a central insurance fund for insolvent schemes.

UK - Railpen Investments, the fund manager of the £12bn Railways Pension Scheme, has boosted its investment and actuarial teams ahead of its impending asset liability study.

UK - The Conservative Party's new pensions and investment advisory group held its inaugural meeting on Tuesday.

UK/US - Mercer Investment Consulting's fund manager recommendations for UK and US equities outperformed aggregate indices over 12 months to September 2002.