United Kingdom

UK - A spokesman for former Marconi division, telent, has claimed former buyout proposals were too expensive, after today's bid by Pension Corporation for the company's shares.

UK - Unite union, which represents 12,000 Royal Mail managers, has warned Royal Mail it could face strike action over pensions.

UK - Updated National Health Service (NHS) defined benefit pension arrangements have been welcomed by employers and trade unions following four years of talks.

UK - Pensioners who saw their company pensions disappear will be confronting Labour ministers at their annual conference tomorrow in Bournemouth.

UK - Investment consultants have claimed that people matter more than past performance when it comes to managerial selection.

UK - CQS, a London-based hedge fund, has revealed it will acquire investment manager New City creating an asset management business with US$9bn of assets under management.

UK - The trustees of J Sainsbury plc's pension scheme are to be approached "imminently" by Delta Two, the Qatari-backed investment group which has been in talks with the retail company.

UK - The number of pension funds seeking buyout quotations has risen dramatically over the first half of 2007, claim new figures by Aon.

UK - Local authority pension funds prefer fixed income specialists over a multi-manager approach, and favour processes and people over performance, according to new research from Fidelity.

UK - British pensioners who have lost out in pension scandals should receive the same treatment as the compensation promised to Northern Rock savers, according to Ros Altmann, an independent pensions policy adviser.