United Kingdom

UK - The new-look UK Local Government Pension Scheme (LGPS) has been slammed by its members, with one predicting it will have a shelf life of only six years.

UK - The National Association of Pension Funds (NAPF) has appointed members to its benefits and investment councils.

UK - The Nottinghamshire County Council (CC) pension fund has announced it is looking for a new actuary.

UK - Over 12,000 people in 41 schemes have been rescued by the Pension Protection Fund (PPF) since its creation in 2005.

UK - Martin Harris has resigned as head of UK defined benefit (DB) at Fidelity.

UK - Scotland's new Local Government Pension Scheme (LGPS) has received support from members of the country's largest local government union.

UK - East Sussex County Council has placed two mandates worth £700m (US$1.39bn) out to tender.

UK - Risk management and governance policies by corporate pension funds have improved but are not being followed through with action, according to PriceWaterhouseCoopers (PWC).

UK - Pension Corporation has hit back after the UK's biggest trade union Unite urged the government to legislate to protect pension schemes from "raids" by private equity style companies.

UK - The rise in AA credit spreads has contributed to a £38bn (US$75bn) turn-around in FTSE100 company pension deficits over the past 12 months, leading to an aggregate surplus of £21bn.