United Kingdom

UK - The state pensions system could cost at least 0.8% of GDP more than the government estimate of 5.8% of GDP by 2050, a report by the Pensions Policy Institute (PPI) has found.

UK - More than eight in ten employees or 80% of those with workplace pension schemes do not even know the level of funding required to support them in retirement, a JPMorgan Asset Management (JPMAM) report has found.

UK - Target funding levels proposed under the Pension Regulator's new regime pose a "significant problem" for companies and trustees, argues Hewitt Associates.

UK - Hendersons and Deutsche have lost multi-asset mandates with the London Borough of Sutton after the fund awarded £80m global equity mandates to Newton Investment Management (NIM) and Alliance Bernstein.

UK - John Hutton (pictured), the new state secretary for work and pensions, has pledged to press ahead with the government's pension reform agenda with a particular focus on the pension challenges faced by women.

UK - Increased pension fund demand could see the UK's inflation-linked swaps market exceed £9bn by year end, more than tripling in size, Watson Wyatt has claimed.

UK - The £717m Clwyd pension fund has dropped Baring Asset Management as manager of two briefs worth a total £50m for performance reasons.

UK - The £2bn Lothian Pension Fund has dropped The Bank of New York as global custodian for its overseas assets, appointing Citigroup Global Transaction Services as the new provider.

UK - Plans to make it mandatory for institutional investors to publicly disclose how they vote their shares would increase cost and compliance burdens with "no benefits" of improved corporate governance, the IMA argues.

UK - Falling interest rates have wiped out the projected 50-year savings from raising the pension age to 65 for new entrants to public sector pension schemes, according to Watson Wyatt.