United Kingdom

UK ethical pharmaceutical manufacturers, Boehringer Ingelheim, has shortlisted five investment managers for its £80m defined benefit pension scheme.

Scottish Equitable has launched a new pension group life product in the UK to complement its group personal and stakeholder pension products.

UK government plans to allow for self-regulation puts the pensions industry at risk of adopting another MFR approach, according to Steven Bell, global chief economist of Deutsche Asset Management (DeAM).

UK lobby group the Industrial Society has called on the government to impose mandatory employer contribution to stakeholder pensions.

UK actuarial group Aon Consulting has appointed PwC's Andy McKinnell to head up its Glasgow office.

UK Chancellor Gordon Brown has appointed two new managing directors and board members of the Financial Services Authority.

Scottish Amicable has become the first UK life office to outsource its Small Self-Administered Scheme (SSAS) administration.

UK shadow chancellor Michael Portillo has said that an elected Conservative party would scrap the rules that force people to buy an annuity when they retire.

UK pensions ombudsman Julian Farrand has defended his position after calls by a senior judge for the ombudsman's judicial role to be transferred to a Tribunal.

UK retail chain Tesco is to launch a new pension scheme that is somewhat of a hybrid between defined benefit and defined contribution.