United Kingdom

UK - The department for work and pensions' review of how schemes are complying with key principles in the report by former Gartmore chief Paul Myners shows:

UK - UBS Global Asset Management's Triton Property Fund has bought a pre-let office and warehouse distribution development at Ashton-Under Lyne, near Manchester, for £23.8m.

UK - Mirabaud Investment Management has slashed the transition management costs for pension funds and institutional investors that have awarded it mandates.

UK - Barclays Global Investors has launched a pooled commodities fund designed to allow easy access to the asset class for pension funds.

UK - Fujitsu Services Pension Fund (UK) has hired Barclays Global Investors (BGI) to run an active global tactical asset allocation (GTAA) mandate for its £1.3 billion pension fund.

UK - Essex County Council may be the first scheme to be investigated by the new pensions regulator, Independent Trustee Services claims.

UK - Straight-through processing specialists have written a new book on the subject.

UK - FTSE has launched an index for measuring the investment opportunities in global hedge funds.

UK - Federal Mogul's refusal to plug its UK scheme's deficit shows the government is powerless to stop foreign firms walking away from pension obligations, experts claim.

UK - Pearl's personal pensions clients will have access to a Prudential annuity when their plan matures, under a new agreement.