United Kingdom

UK - A report from the Office of National Statistics (ONS) has confirmed the fall in private sector occupational defined benefit (DB) scheme membership.

UK - The £2.9bn Lothian Pension Fund is tendering a £150m global emerging markets equities mandate.

UK - Mercer has claimed the new guidelines on IAS19 accounting standards will accelerate a trend to de-risking amongst UK pension fund.

UK - Local authority pension funds have urged the government to adopt more rigorous targets than those set out in the draft Climate Change Bill.

UK - Glasgow City Council has tendered a £15m mandate for an absolute return manager on behalf of the Strathclyde Pension Fund Number 3.

UK - The Bank of England (BOE) has reportedly become the latest UK organisation to announce the closure of its final salary pension scheme.

UK - Resolution Asset Management is going to set up a multi-manager boutique in a 50/50 venture with a trio of multi-managers from Fidelity.

UK - Regulation has topped the list of pension scheme concerns, according to National Association of Pension Funds survey.

UK - Powys County Council Superannuation Fund has awarded a £13m European property mandate to CB Richard Ellis Investors.

UK - Global Pensions has exclusively learnt of a new currency fund being developed by Hermes Investment Management Limited, the wholly owned asset manager of the £38bn UK BT Pension Scheme.