United Kingdom

UK - Cardiff County Council pension fund has stipulated it would only appoint transition managers conforming to T-Charter standards, despite the code not yet being finalised.

UK - Railpen Investments and Pensions Management (rpmi) has started offering full pensions administration for defined benefit (DB ) and defined contribution (DC) schemes.

UK - Four out of five trustees believe they should be spending more time on their defined contribution (DC) pension plans, according to Watson Wyatt.

UK - Penny Green, the past president of the Pensions Management Institute (PMI) and chief executive of Superannuation Arrangements of the University of London (SAUL), has joined BESTrustees team of independent trustees.

UK - The Pension Protection Fund (PPF) has launched its Long Term Risk Model, a system enabling it to calculate the many risks it could face in the years ahead.

UK - Dorset County Council pension fund has invited applications for a manager to run an active currency mandate. The fund has allocated £35m, representing 2% of the portfolio, for the allocation.

UK - Three times more pension schemes are using derivatives to hedge their liabilities compared to last year, found a survey by Mercer Human Resource Consulting and the Association of Corporate Treasurers.

UK - Norfolk County pension fund has issued a tender to run an active currency mandate for assets worth up to £100m.

UK - A total of 30% of the 200 largest UK pension funds remain in surplus, including 40% of FTSE 100 companies despite recent market falls, claims Aon Consulting.

UK - Dorset County Council pension fund has awarded two fixed income mandates worth £280m.