United Kingdom

UK/CANADA - Teachers' Private Capital, the private equity arm of the Ontario Teachers' Pension Plan, has partnered with London-based firm Bioscience Managers Limited (BML) to invest in Canadian life science companies.

UK - The National Association of Pension Funds has welcomed a commitment by the work and pensions secretary to consider introducing a citizen's pension.

UK - Scheme wind-up victims have been warned their hopes of compensation may be dashed if a trade union proceeds with its legal action against the government.

UK - The government is planning to reduce means-testing to prevent the Pensions Commission recommending compulsion next year.

UK - Pension Protection Fund chairman Lawrence Churchill is supporting industry calls for a risk-based levy to be introduced ahead of the government's timetable.

UK - Merrill Lynch Investment Managers (MLIM) has launched a portable alpha solution for pension fund clients.

UK - The government has ruled out raising the pension age despite warnings by business and the Pensions Commission that the move is ‘inevitable'.

UK - The £3.7bn Civil Aviation Authority Pension Scheme has awarded a £70m Europe ex-UK equity brief to investment manager AXA Rosenberg.

UK - Chemical giant ICI wants levies it will pay to the Pension Protection Fund to be cut because it has set up its own safety net.

UK - The government's compensation scheme for workers who lost pension savings when their firms collapsed has been dubbed a "con trick" by a former Downing Street adviser.