United Kingdom

UK - ABN AMRO Mellon Global Securities Services B.V. has replaced State Street as custodian to the £1.2bn Cambridgeshire County Council Pension Fund.

UK - Life expectancy at age 65 in the UK has reached the highest level ever for both men and women, according to a statement issued by the National Statistics Office.

UK - Lane Clark & Peacock (LCP) has launched a guide to to help trustees and companies decide on the suitability of buy-outs.

UK - Trustees and actuaries that are too conservative - such as those who adopt liability driven investments (LDI) strategies - could leave themselves vulnerable to negligence claims, said Reynolds Porter Chamberlain (RPC).

UK - British Airways' has included the option of a normal retirement age of 60, but one workers union this morning again insisted on keeping the retirement age "below 60".

US/UK - US pension plan managers take a more aggressive investment approach to equities than their UK counterparts, while pension plans have a markedly higher impact on UK companies, Aon Consulting has found.

UK - British Airways is to make an £800m one off cash injection and three further payments of up to £50m annually into its ailing pension scheme, as the airline looks to tackle its massive £2.1bn deficit.

UK - Players in the UK pension industry have criticised the government's pension proposals for "merely adding a further layer of complexity" and "camouflaging potentially controversial issues".

UK - FX Concepts is to target UK local authorities (UKLAs) with its Concepts Multi-Strategy Institutional Fund (GBP Shares). 

UK - Adrian Bourne has left KPMG to join Watson Wyatt's benefits practice as a senior consultant.