United Kingdom

UK - Insight Investment institutional client services director David Somers is retiring after four years at the firm to concentrate on independent trusteeship.

UK - Employers have outlined a range of measures to help restore confidence in the pensions industry and avoid widespread pensioner poverty in the future.

UK - Expert advice on how trustees can protect their schemes' best interests during mergers and acquisitions will be on offer at a Pensions Management Institute seminar.

UK - Local authorities are warning of cuts to public services to fend off mounting pension deficits.

UK - Three Pensions Management Institute members were elected to the council at the annual general meeting.

UK - Manufacturing firms are failing to tackle their pension scheme deficits despite their increasing influence on mergers and acquisitions, new research shows.

UK - UK institutional investors have raised the benchmark for corporate governance but standards of pension fund activism still "vary", an international conference heard.

UK - The £1.1bn British American Tobacco UK Pension Fund has selected Scottish Widows Investment Partnership to manage a £165m bond mandate.

UK - HSBC is to encourage staff to take early retirement as part of its plans to axe 3500 jobs nationwide.

UK - Moves to prevent pension costs scuppering public sector outsourcing deals have been unveiled by the Treasury.