United Kingdom

UK - The £33bn BT Pension Scheme today announced its decision to join the Enhanced Analytics Initiative (EAI) as an associate member.

UK - Pension funds will have to pay £575m to the Pension Protection Fund (PPF) next year, significantly more than the £300m figure touted earlier by government.

UK - Citizens face significant council tax hikes to fill a £28bn pensions deficit unless local government funding is increased, Lane Clark & Peackock (LCP) has warned.

UK - A Pensions Commission's spokesperson has clarified reports about a possible Third Report, and said that it was the Commission's intention to publish a brief final document rather than a further detailed analysis similar to the Commission's earlier...

UK - The pensions regulator has reminded insolvency practitioners of the ramifications of the 2004 Pensions Act, which gives the regulator the statutory role of appointing an independent trustee to a pension scheme where the employer enters insolvency....

UK - Royal Mail's chief executive Adam Crozier has claimed the regulator's proposed cap on first class stamp prices at 36p by 2010 would create "tough" challenges for the financially ailing company with a £4bn pension deficit.

UK - HBOS has unveiled a plan to eliminate the £1.8bn deficit in its final salary pension schemes over a ten-year period.

UK - Self Invested Personal Pensions (SIPPs) would be banned from tax advantages when investing in residential property and ‘certain other' assets from 6 April next year, according to the Chancellor's 2006-07 pre-budget.

UK - The £25bn University Superannuation Scheme has appointed Virginia Holmes (pictured) as co-opted director and chair of investment committees.

UK - Framlington CIO Jeremy Lodwick (pictured) will leave the company on 31 December on the back of a recent internal management reshuffle.