United Kingdom

UK - The appointment of Paul Myners to chair the Personal Accounts Delivery Authority has been welcomed by industry figures.

UK - Trustees at J Sainbury plc's pension scheme have written to Delta Two Limited, the Qatari-backed investment group which has approached the retail group, seeking more information about its proposals.

UK - Societe Generale Asset Management (SGAM) and Capital International have lost global and UK equities mandates from Suffolk County Council pension fund.

UK - A survey from Hewitt Associates has said many additional voluntary contribution (AVC) pension schemes in the UK are not doing enough to help members understand their investment options and drive value for money.

UK - Schroders has disclosed plans to launch a product which would enable smaller pension funds to access alternative investments "in a managed way".

UK - Global Pensions understands that trustees at J Sainsbury plc's pension scheme would be keen to meet with Delta (Two) Limited, the Qatari-backed investment group which has approached the retail group.

UK - The West Midlands Metropolitan Pension Fund has awarded ING Real Estate a significant property mandate worth £560m (US$1.1bn).

UK - The government has avoided a major backbench rebellion over pensions by promising more public money to restore the savings pots of people who lost out when their companies went bust.

UK - The London Borough of Newham Pension Fund has awarded its first infrastructure mandate to Babcock & Brown, by allocating an initial £30m (US$61.4m) to the asset class, following a detailed study carried out by Hewitt.

UK - The £3bn (€4.5bn) Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) has launched a search for two unconstrained or high alpha managers.