United Kingdom

UK - The Pension Compensation Board (PCB) has made a capital settlement of just over £2m to the Cheney Pension Scheme following a decision that the assets of the scheme had been reduced by £2.9m due to dishonest acts by the former trustees.

UK - Chief financial officers' ambitions for mergers and acquisitions are being severely impacted by pension liabilities, a new survey has found.

UK - Pension funds with balanced mandates could allow investments to drift further from the benchmark on many occasions and still achieve the desired returns rather than go through a costly benchmark rebalancing process, says Scottish Widows Investment...

UK - Hewitt Associates has called on companies to adopt "broad-ranging" action plans to address funding shortfalls in FTSE100 pension schemes.

UK - Hewitt Associates has called for greater innovation in pensions design to overhaul the UK's occupational pensions industry.

UK - The amendment to IAS19 issued by the International Accounting Standards Board (IASB) last week leaves uncertainty about the way pension benefits will be accounted for going forward, says Lane Clark & Peacock (LCP).

UK - Pension funds' investments should be liability-led to achieve optimum risk management, according to HSBC Actuaries and Consultants.

UK - The National Association of Pension Funds has elected Robin Ellison (pictured) as the new chairman when Terry Faulkner steps down at the association's next annual conference in May.

UK - The Alternative Investment Management Association (AIMA) has made a further submission to the Financial Services Authority (FSA) asking for exemption for hedge fund managers from increased disclosure requirements concerning soft commission and bundled...

UK - Pension funds could see better performance from fund managers with positive attitudes to corporate governance, according to consulting firm Watson Wyatt.