United Kingdom

UK - Two voluntary groups dedicated to raising the standard of pension schemes have announced they are to join together to maximise their impact and effectiveness.

UK - The London borough of Hammersmith and Fulham Council's pension scheme is looking to award a £120m (US$238m) dynamic asset allocation mandate.

UK - The Pension Corporation has revealed its investment strategy has helped enhance the Threshers pension fund's funding level, despite recent volatile markets.

UK - Trustees who receive payment for services may need to register with the Tax Office to avoid falling foul of new money laundering regulations.

UK - Unions have joined forces to recommend Royal Mail workers reject the company's proposals for its pension plan, branding its consultation a "sham".

UK - Pension scheme trustees have been set a deadline of two years to ensure the key activities of winding up are completed, under a consultation paper issued today.

UK - The Policy Exchange has slammed the government on pensions, claiming its reforms lack ambition and personal accounts are a 'disaster waiting to happen'.

UK - The £1.2bn (US$2.4bn) North Yorkshire Pension Fund has selected AllenbridgeEPIC Investment Advisers (AEIA) to provide independent professional advisory services on governance and compliance.

UK - Close Brothers has appointed Christopher Clayton as managing director to head its Pensions Advisory Group (PAG).

UK- The number of pension funds seeking advice due to financially 'stressed' or 'distressed' sponsors is growing, a partner at specialist risk management consultancy Kroll has stated.