Europe

UK - Cash is likely to be the main alternative for employers set to suffer a charge under the new pensions Lifetime Allowance (LTA), according to a new Watson Wyatt survey.

UK - An overhaul of the proxy voting system is being undermined by Paul Myners' numerous commitments, says Mercer Investment Consulting.

UK - The £3.1bn London Regional Transport Pension Fund is considering its first move into alternative asset classes.

UK - Mellon Global Investments is to launch a global bond and currency hedge fund aimed at schemes and other institutional investors this month.

UK - Actuaries and manufacturers have called for less talk and more action following the publication of the Pensions Commission's report on the UK pensions industry.

UK - Individuals need to take responsibility for their own retirement instead of relying on the government, says Mercer Human Resource Consulting.

UK - More than 12m British workers are not saving enough for retirement, the first major report into the UK pensions system has found.

UK - Capita Hartshead has appointed Richard Solomon as transition director in the first of a number of hirings set to take place over the next few months.

UK - The £620m Lincolnshire County Council Pension Fund is searching for a manager to run a £120m global en-hanced index mandate.

UK - Board chairmen could be held accountable for corporate governance misdemeanours by individual company directors under new policy revealed by the National Association of Pension Funds (NAPF).