United Kingdom

UK - Paternoster has partnered with Citigroup to take responsibility for the £400m (US$791m) Powell Duffryn (PD) Pension Plan, in the largest buyout deal so far this year.

UK - Buyout providers Legal & General and Paternoster reported strong growth during Q1, according to trading results released today.

UK - Pension Corporation says it welcomes government moves to protect the interests of pension plan members by giving the Pensions Regulator (TPR) additional powers.

UK - Surrey County Council Pension Fund has dumped Schroders from managing a European equity mandate, according to MandateWire.

UK - Parliamentary fund selects Hymans Robertson; US - PIMCO senior hire; UK - Pension payments 'modest'

UK - Industry players are divided over the Pensions Regulator (TPR) being given powers to control company activity and protect pension scheme members.

UK - Pension Corporation has agreed to relinquish any position on the telent trustee board and influence on fund investment in a deal with the Pensions Regulator (TPR).

UK - Hedge funds will have to comply with best practice standards to win institutional mandates over the next three years, according to a KMPG survey of the country's largest pension funds.

UK - Local authority pension funds have warned Marks & Spencer (M&S) they do not want Sir Stuart Rose as executive chairman.

UK - Buyout firms Paternoster and L&G dominate the UK market with 90% of all business, but industry insiders warn that present trading conditions are likely to be unsustainable in the long term.