United Kingdom

UK - The Association of British Insurers (ABI) has urged the Personal Accounts Delivery Authority (PADA) to favour a charging structure for Personal Accounts which combines an annual management charge (AMC) with a contribution charge.

UK - The pensions industry has failed to agree on the best charging structure for Personal Accounts, the results of a consultation into the issue have revealed.

UK - AEGON's director of pensions development Stewart Richie is to retire after 36 years with the company.

UK - Paternoster's business growth of 550% over the past year has helped reinforce sentiment the buyout market continues to gain ground.

UK - The Carbon Disclosure Project (CDP), in collaboration with IT giant IBM, has launched a best practice guide for company managers following a lengthy consultation with industry.

UK - The London Borough of Camden and Buckinghamshire County Council have placed contracts out to tender worth between £880m and £1.3bn (US$1.77bn-$2.6bn).

UK - The National Association of Pension Funds (NAPF) has urged the Accounting Standards Board (ASB) to revise proposals on the financial reporting of pension plans, warning they are likely to further weaken and erode UK defined benefit (DB) schemes if...

UK - The £620m (US$1.23bn) London Borough of Haringey pension fund has appointed Hewitt and Hymans Robertson to provide actuarial services and investment advice.

UK - Citigroup has confirmed the head of its insurance and pensions structured solutions group has left the bank.

UK - The performance of equity markets has been blamed for a worsening of the aggregate funding position of defined benefit schemes, with the surplus dropping by £45bn (US$89.3bn) in June.