United Kingdom

UK - The Tories claim the position of Personal Accounts Delivery Authority (PADA) chairman Paul Myners is untenable after he branded the party's leaders "arrogant, superior young toffs".

UK - International Power workers are to consider industrial action in a row over the company's plans to close its defined benefit (DB) contribution scheme.

UK - The Pensions Bill has been introduced today, outlining the government's plans for automatic enrolment from 2012.

UK - Research shows the UK as the earliest and most active adopter of new investment strategies designed to reduce the volatility and risk related to defined benefit (DB) pension schemes, while actively preparing for a mass change-over to defined contribution...

UK - The Merseyside Pension Fund has put its principals of governance out for review, with environmental, social and governance (ESG) issues at the heart of the proposals.

UK - SEI has announced the launch of its PensionConnect platform in the UK.

UK - Cardiff and Vale of Glamorgan Pension Fund has split its Asian equities portfolio following poor performance by its managers.

UK - Punter Southall has released a 'wish list' for the Pensions Bill, which is due to be released tomorrow.

UK - Suffolk County Council pension fund has appointed two active currency mandates to Millennium Global Investments and Record Currency Management, worth £500m (US$1.03bn).

UK - Pension funds that recently invested in corporate bonds could have locked in lost returns of £500m or more when compared to government bonds, according to the investment practice of Hewitt Associates.