United Kingdom

UK - Charitable and non-profit groups that rely on donations and have significant pension deficits face tough decisions on costs, a leading consultant says.

UK - Gartmore has hired David Lee in a bid to strengthen its macro hedge fund team in London.

UK - Schemes should boost their exposure to the pharmaceuticals sector as it will be one of the few growth areas in 2003, Newton Investment Management claims.

UK - Short-changed members of insolvent schemes are set to launch mis-selling claims against employers in a bid to win their full pension entitlement.

UK - Industry experts have given a cautious welcome to plans to replace the Occupational Pensions Regulatory Authority with a new kind of regulator (NKR).

UK - The government's pension reforms will need backdating if they are to achieve real simplification, the Faculty and Institute of Actuaries claims.

UK - The defined contribution solutions market faces a major shake-up in 2003, leading consultants predict.

UK - Islington Council is planning to sell its commercial property portfolio to help cover a £100m shortfall in its £367m final salary pension scheme.

UK - Pension managers are sceptical over how simplification proposals will evolve.

UK - HS Administrative Services is linking up with IFA firm Wentworth Rose to offer an enhanced financial advice service to pension clients.