United Kingdom

UK - Substantial progress has been made towards the implementation of a truly risk-based regulatory regime, Pensions Regulator chairman David Norgrove has announced.

UK - Bank of Ireland has ranked bottom of the Mellon Analytical Solutions balanced universe for the year to the end of August, returning 7% gross against a median return of 11.9%.

UK - Rajiv Jaitly, head of operational risk multi-manager funds has left GAM to take up a post as chief risk officer at Optimal Investment Services.

UK - State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, has promoted Joseph Moody to head the liability driven investing team of its global asset allocation group.

UK - Threadneedle has sold its multi-manager business, MM Asset Management (MMAM) to Investment Manager Selection (IMS) run by Richard Timberlake.

UK - Punter Southall & Co has been appointed actuary to the two pension funds of Express Newspapers, which together have 7,300 members and assets of approximately £330m.

UK - HSBC Actuaries and Consultants Limited has expressed concern over the lack of regulation of firms that measure insolvency risk.

UK - The world's first 50-year inflation-linked bonds, due to mature on 22 November 2055, will be issued to investors from tomorrow amid hopes of a strong uptake from pension funds.

UK - The London Borough of Hammersmith and Fulham has appointed PSolve Asset Solutions to advise the council on its £380 million pension fund.

UK - David Blunkett suggested on Sunday that the state pension age could possibly be raised to 67, a sentiment welcomed by industry experts but rejected by the Trades Union Congress (TUC).