United Kingdom

UK - Partha Dasgupta has been appointed as the Pension Protection Fund's new chief executive, replacing Myra Kinghorn.

UK - The Wesleyan Assurance Society has beaten competition from Prudential and Legal & General to win bulk annuity mandates together worth £230m.

UK - BAE Systems will injecting £1.1bn into its pension fund under a revised funding plan in an effort to tackle its £3.1bn deficit.

UK - The £3.5bn Lancashire County Council pension fund has tendered a new fund of hedge funds brief worth £100m.

UK - The £1.1bn Greater Gwent Pension Fund has appointed three new UK equities briefs together worth £350m, replacing outgoing manager Threadneedle Investments.

UK - Punctuated by a waltzing couple constructing a "regulations" polystyrene column, National Association of Pension Funds Chairman Robin Ellis called for the need of a simpler state pension system.

UK - Employers must be allowed to adapt their defined benefit schemes to the changing demographics, said National Association of Pension Funds (NAPF) chief executive Christine Farnish.

UK - Contribution hikes, increased retirement ages and accrual rate reductions could take place in numerous defined benefit schemes within the next three years.

UK - Speakers at the National Association of Pension Funds (NAPF) conference have criticised the current state of FRS17 as "flawed" and "not fit for purpose".

UK - Transition managers who fail to sign the UK's impending T-Charter could find themselves excluded from consultant short lists and shunned by pension funds altogether, the industry has warned.