United Kingdom

UK - Pension Corporation has learned from the mistakes it made in the takeover UK telecoms firm telent and will bring trustees on side in future deals, a senior executive has told Global Pensions.

UK - A rescue package has finally been announced for up to 140,000 people who lost savings when their employer-sponsored pension schemes collapsed.

UK - The suggestion by Goldman Sachs Asset Management (GSAM) of using a liability driven investment (LDI) strategy as a way to control the Pension Protection Fund (PPF) levy has met with mixed responses.

INCLUDING: UK - Funds not measuring performance; UK - Crum joins Hewitt; UK - ACE launches Elite

UK - P&O has partially transferred its pension fund to Paternoster in a deal worth £800m.

UK - Middlesbrough Borough Council (MBC) has re-awarded the global custody mandate for its pension fund to Northern Trust. There were a total of five bids for the contract.

UK - The London Borough of Enfield pension fund has pulled £25m (US$51m) from its allocation to UK property in favour of European markets.

UK - The Conservative Party has said it will not guarantee its support for the Pensions Bill unless changes to means testing are made.

UK - Steve Ilott, head of fixed income at Aberdeen Asset Management, is to hand over the running of the group's fixed income business to his colleague Gary Bartlett.

UK - Currency overlay managers failed to achieve positive returns in Q3, for the first time in 12 months, according to statistics released by BNY Mellon Asset Servicing.