United Kingdom

UK - Liberty Ermitage has promoted Jonathan Wauton, a director of Liberty Ermitage, to the new role of head of risk management and quantitative analysis, reporting to Ian Cadby, deputy CIO and head of strategic investments.

UK - The government should slash the number of tax regimes which apply to pensions, Treasury select committee chairman John McFall says.

UK - Young people face a bleak pension outlook unless they save more or work longer.

UK - Pension funds are urging the government to restore people's faith in the industry and give more security to members of occupational schemes.

UK - Boots will not adopt FRS17 this financial year favouring instead to continue reporting under the old SSAP24 standard.

UK - Financial salesmen are perceived as commission rather than client-focused, a survey by the Pensions Protection Investments Accreditation Board shows.

UK - Analysts believe that a £63m pension surplus at De La Rue's combined £455.6m pension schemes in March has now turned into a deficit.

UK - Darwin Rhodes has opened offices in Birmingham and Bristol to boost its financial services, actuarial and insurance recruitment business.

UK - Based on aggregate turnover statistics, a total volume of E241bn was traded on the German stock exchanges in August, about 27% less than in the previous month (July 2002: E328bn).

UK - Employer contributions to the £120m Wolverhampton and Dudley Breweries' Pension and Life Assurance Scheme have increased in a bid to reduce its deficit.