The UK pensions and investment industry can provide a blueprint for reform in developing countries, particularly in Central and Eastern Europe, according to a top-level group of UK asset managers and trade bodies. The industry's influence will be crucial as the pensions systems of countries that recently joined the European Union come under its regulation.

The group, operating as International Financial Services London, includes fund managers Aberdeen Asset Management and Baring Asset Management, and investment banks Goldman Sachs, Cazenove and Merrill Lynch.