United Kingdom

UK - IBM scheme members have accused the pensions ombudsman of ‘misinterpreting the law' for rejecting their complaints that the company had stripped their pension benefits.

UK - Industry heavyweights are urging the government to create a permanent pensions commission to advise on pensions policy.

UK - Fund manager Fidelity Investments has made a senior addition to its defined contribution (DC) team with the appointment of Paul Bucksey.

UK - GUS group head of pensions Ros Roberts is being tipped as the next chairman of the National Association of Pension Funds.

UK - Invesco Perpetual is set to sell its bundled defined contribution business and focus on its core fund management business.

UK - Rathbone Greenbank Investments has launched a socially responsible investment advisory service for pension schemes.

UK - Schroders has appointed research analysts Naveed Chaudhry and Jean-Pierre du Plessis to its fund of hedge fund business.

UK - Elements of "self delusion" within the actuarial profession have contributed to plummeting scheme solvency levels, a damning report to the Institute of Actuaries claims.

UK - Schemes are "insuring" their bond investments and protecting against future inflation by moving increasingly to index-linked securities, Baring Asset Management claims.

UK - Standard Life Investments is forecasting positive equity returns despite higher oil prices and a mixed business environment.