UK - Asset managers are staying in the "comfort zone of defined benefit" and are failing to seek business opportunities in defined contribution schemes, consulting firm Spence Johnson said.

Angry Visteon workers will demonstrate outside the Welsh Assembly over claims former parent company Ford broke promises to protect their pensions.

The number of firms giving members the chance to take pension increase offers is set to rise significantly this year, a consultant says.

Companies could face a large increase in their Pension Protection Fund levy bill if their parent companies are considered to be at significant risk, Punter Southall warns.

The National Association of Pension Funds has made amendments to its corporate governance policy.

Pitmans Trustees Limited has bought Bluefin's independent trusteeship business, SBJ Professional Trustees.

Defined contribution default investment strategies are a "cop out" by trustees, an independent trustee firm says.

The Investment Governance Group has handed over its first consultation document to Paul Myners for feedback.

The Merchant Navy Officers Pension Fund has sold three properties in its portfolio for £60m.

Chester Zoo has appointed Jagger & Associates to act as investment adviser for its staff pension scheme and charitable assets.