Software provider Misys acquired Sophis, a capital markets software vendor, in an effort to strengthen its buy-side solutions and boost its fund manager clientele.

If, like me, you are concerned that the UK chancellor, George Osborne, bears more than a passing resemblance to the angel of death, you will be interested (and perhaps relieved) to learn that Britain is no longer fertile territory for Attila-the-Stockbroker type financial services providers.

Pension fund trustees in the UK must spend more time on investment matters if problems such as underfunding are to be challenged, consultants say.