United Kingdom

UK - MPs tabled amendments to the Pensions Bill today that would introduce measures to protect the benefits of pension scheme members.

UK - Trustees should assess their statement of investment principles (SIP) and be prepared to make changes to their portfolio to remain compliant with policy, Buck Consultants says.

UK - More than £14bn (US$24bn) worth of assets flowed into liability-driven investment (LDI) and other hedging strategies in Q3, according to MandateWire.

UK - Defined benefit (DB) pension liabilities of some of the world's largest banks are now significantly greater than the bank's equity market value, according to Pension Capital Strategies (PCS).

UK - Public sector pensions are still more valuable than most private sector pensions even after government reforms, the Pensions Policy Institute (PPI) says.

UK - Paternoster foresees a slowdown of business inflow during the last quarter of 2008 due to recent market turmoil, despite a new business increase of 23% in the third quarter.

UK - The £562.4m (US$988m) London Borough of Tower Hamlets Pension Fund has postponed a decision on investing in private equity as tough market conditions have seen the value of the fund fall by over £100m since the end of March, MandateWire reports....

UK - The Financial Services Authority is concerned "inappropriate remuneration schemes" may have contributed to the current banking crisis.

UK - The National Association of Pension Funds (NAPF) has launched the final version of its best practice principles on investment advice to pension funds.

UK - Lifestyle defined contribution (DC) funds offer a practical alternative to the issue of compulsory annuitisation, Watson Wyatt has said.