United Kingdom

UK - Paternoster has taken over assets worth £170m and liabilities of the Emap Earnings Related Pension Plan (EERPP) and the Scottish Radio Holdings (SRH) Pension Scheme.

UK - The number of defined benefit (DB) pension schemes in deficit and covered by the Pension Protection Fund (PPF) fell 1% to 70% by the end of October 2007.

UK - The UK is entering uncharted territory with the introduction of the National Pension Savings Scheme (NPSS), David Harris, managing director of Tor Financial Consulting, has warned.

UK - Pension Corporation's takeover of Marconi remnant telent has hit another hurdle, after the union representing the company's workforce vowed to do all it could to block the deal.

UK - A survey of over 100 defined benefit (DB) schemes has shown over half have been closed to new members and a further one in seven are frozen and are not accruing benefits, according to a report by Hewitt Associates.

UK - As an increasing number of defined benefit (DB) schemes close, forcing workers to plan for their own retirement, research shows the majority of consumers still trust their own judgement or that of family and friends for retirement planning.

UK - Pension Corporation's take over of Marconi remnant telent could still falter, despite overwhelming support for the bid by shareholders.

UK - The National Association of Pension Funds (NAPF) has called on the industry to replace the current ten Myners Principles with six high level principles.

UK - Jessop Fund Managers (JFM) has awarded two mandates to BNY Mellon Asset Servicing (BNY MAS) to provide fund accounting, transfer and administrative services for the Jessop Personal Pensions Unit Trust (PPUT).

UK - The differences in pension benefits among senior employees are being overlooked by HR directors, according to a report from Watson Wyatt.