United Kingdom

UK - Consultants are urging the government to exclude money purchase schemes from any prescription arising out of the Myners Report.

UK - Workers at TransBus International - part of beleaguered bus manufacturer Mayflower - are lobbying government over fears they will miss out on pension compensation.

UK - Worldwide investor confidence in equities is falling, figures from State Street Associates show.

UK - State Street Corporation has hired Charles Cohen to its pension fund sales team in the UK.

UK - Stakeholder take up could rise by 30% if employers were allowed to promote schemes to their staff, B&CE Benefit Schemes claims.

UK - The £660m Warwickshire County Council Pension Fund has appointed four new managers to run the fund's assets.

UK - Venture capital group Permira has ditched plans to make a renewed offer for WHSmith after failing to reach a compromise over the pension deficit.

UK - Most pension schemes do not have a formal governance policy in place, according to a new poll conducted by investment consultants Mercer.

UK - BBC technology workers are set to strike on the opening weekend of the Olympic Games over fears for their pensions if their division is sold.

UK - Pension schemes can look forward to a boost in overseas equity markets over the coming months due to global interest rate rises.