United Kingdom

UK - Employers are paying increasing amounts into their defined contribution pension schemes with the average contribution now 9.2%, according to Watson Wyatt.

UK - Prime Minister Tony Blair has attempted to cool down the speculative friction between Chancellor Gordon Brown and Lord Adair Turner by assuring the public the Turner report will be used as a basis for future discussions on reform of the UK pension...

UK- Experts in the pensions industry reacted angrily to reports the government  may cut the real value of pension credit.

UK - An increase in the state pension age to 67 years would cost the industry more than £4bn per year in additional absenteeism cost by 2025, according to research from Cass Business School.

UK- The £300m London Borough of Bromley Council is moving to manage part of its pension fund using the liability driven investment approach.

UK - The Liberal Democrats would increase the basic state pension from £82 to £109 per week in return for a later retirement age of 67.

UK - Robin Penfold has left Russell Investment Group for a new role as a senior investment consultant at Watson Wyatt.

UK - The government must get on the offensive if they are to halt the decline of workplace pensions, according to the National Association of Pension Funds (NAPF).

UK - Mike Hammer has left Hewitt Bacon & Woodrow for a new role as principal within the retirement division at Mercer Human Resource Consulting.

UK - The £17.2bn Royal Mail Pension Fund has dropped Deutsche Asset Management and hired Edinburgh boutique Walter Scott & Partners and Alliance Bernstein as part of a manager re-shuffle.