United Kingdom

UK - London-based investment manager Chiswell Associates has appointed a new head of pension funds marketing as part of a drive to attract larger schemes.

UK - Russell/Mellon CAPS has vowed to clamp down on any retail-only funds appearing in its figures.

UK - Terry Faulkner has been elected as the next chairman of the National Association of Pension Funds (NAPF).

UK - All members should "share the pain" when a scheme is put into wind-up, urges Hewitt Bacon & Woodrow in its green paper wish list.

UK - MLIM's acting head of Europe, Middle East, Africa and Pacific Brian Murdock is to stand down following management changes at the firm.

UK/EUROPE - Gartmore Investment Management is looking to issue specialised bonds which will provide smaller pension schemes with a greater diversity of investment.

UK - The £860m West Sussex County Council Pension Fund has awarded a £360m balanced mandate to Baillie Gifford.

UK - Trinity Mirror is increasing contributions into its Midlands Independent Newspapers Pension Scheme from 12% to 14%.

UK - Thousands of former workers at Maxwell Communications will have their pensions halved after the Government refused to cover its deficit.

UK - Nearly half of all DC schemes offer an average of only three investment options, according to Mercer Human Resource Consulting.