United Kingdom

UK - Saville Row tailor Henry Poole & Co's £1m defined contribution Retirement Benefit Scheme has appointed Michael Kirk & Partners as its adviser and consultant.

UK - Schemes' investments are being hit by hedge fund managers who pursue short-term strategies.

UK - Northern Trust Corporation is to promote Steven Fradkin to the newly created position of executive vice president - finance.

UK - Guernsey's fund servicing industry has grown impressively over the last year, with all fund assets serviced on the island rising by 11% to reach US$51bn as at 30 June 2002 (up from US$45.8bn a year ago), according to latest research from Fitzrovia...

UK - Arbuthnot Pensions and Investments has appointed Julian Bracey as manager of its Exeter office.

UK - The Occupational Pensions Regulatory Authority will be scrapped in favour of a "new kind of regulator" (NKR) as outlined in Alan Pickering's Simplification Report.

UK - Pension funds have attacked the government for dragging its feet over plans to scrap the minimum funding requirement.

UK - Northern Trust's multi-manager business in the UK has appointed Raphael Robelin of Invesco and Jonathan Platt of Royal London Asset Management to its UK Multi-Manager Fixed Interest Fund.

UK - Local authority pension funds should increase democracy by appointing more member representatives on to their pension committees.

UK - Barnett Waddingham, a provider of actuarial consultancy and investment strategy services to pension funds, has established a partnership with SEI, the independent manager-of-managers.