United Kingdom

UK - Pension Corporation has been established as the holding company for its three subsidiary vehicles, Pension Insurance Corporation (PIC), Pension Corporation Investments (PCI) and Pension Security Insurance Corporation Ltd (PSIC).

UK - Industry commentators have backed Rick Di Mascio, the chief executive of Inalytics Limited and chair of the T-Charter, for blasting transition managers about dragging their feet over agreeing a final version of the charter.

UK - Pension analysts remain split over proposed revisions to the Pensions Regulator's clearance guidance.

UK - Barclays Global Investors (BGI) has been awarded a commodities mandate worth around £25m by the Ernst & Young Retirement Benefit Plan, which is in the final stage of its investment strategy shake up.

UK - Avon pension fund could become lead plaintiff in a US class action lawsuit against GlaxoSmithKline.

UK - The City and County of Swansea pension fund has issued tenders worth over £382m to manage the investment of six specialist active portfolios.

UK - JPMorgan Worldwide Securities Services has won pension custody mandates and related services from DSG Pension Trustees Limited and Taylor Wimpey.

UK - Hertfordshire County Council Pension Fund has issued a £200m tender for a global equities manager.

UK - Union Unite has described airport company BAA's decision to close its defined benefit (DB) pension scheme to new members as "callous and cynical".

UK - Pensions commentator Con Keating has rubbished suggestions the UK Pension Protection Fund (PPF) should use risk hedging to ensure a stable PPF levy - claiming it would mean "massively higher premiums".