United Kingdom

UK - London's Royal Borough of Kensington and Chelsea (RBKC) has put the investment consulting mandate for its £425m pension fund out to tender.

UK - HM Revenue & Customs has changed the way pension funds are registered in the UK, to reduce future problems for pension administrators.

UK - A shocking 75% of fund managers do not publicly disclose any policies relating to environmental and social issues, according to a new survey from FairPensions.

UK - David Willetts, the former shadow pensions minister, has slammed defined contribution (DC) schemes for leaving future retirees with inadequate retirement provision.

UK - Mercer has advocated the benefits of adopting a de-risking strategy following the volatility experienced over the last quarter.

UK -The British Airways Pension Scheme (APS) and New Airways Pensions Scheme (NAPS) have invested 1% each in commodities.

UK - The members of 14 UK-based hedge funds have announced plans for an industry code of conduct.

UK - Pest control firm, Rentokil Initial, has awarded a £340m mandate for UK corporate bonds to Standard Life Investments.

UK - Having already blasted the private equity sector for creating unfunded pension liabilities, the GMB trade union has now slammed changes to capital gains tax rates.

UK - Alistair Darling, chancellor of the exchequer, released the UK government's Pre-Budget Report yesterday outlining reforms to the state second pension scheme (S2P) and corporate tax allowances for company pensions.