United Kingdom

UK - Trustees need a minimum of two days' training a year to understand their responsibilities adequately, Pensions Management Institute members claim.

UK - BP has completed a 19-month programme to bring its UK pensions administration back in-house.

UK - Publishing group Informa has reported a 90% employee take-up rate within two weeks of implementing a new online flexible benefits programme.

UK - Schemes will increase their effectiveness as owners of corporate Britain if they adopt long-term mandates, a think-tank report claims.

UK - The £233m Scottish Enterprise Pension & Life Assurance Scheme has hired Scottish Widows Investment Partnership to run a £40m corporate bond mandate.

UK - Network rail has agreed to reopen its defined benefit scheme following the threat of a 24-hour walkout by members of the RMT.

UK - Lane Clark & Peacock is holding a seminar for scheme managers on how they can run selection exercises without paying for a third-party consultancy.

UK - Northern Trust has launched a fund accounting service, a move designed to expand their European presence.

UK - The National Association of Pension Funds has set up a working group to investigate the possibility of implementing a simplified citizen's pension.

UK - Employee benefit provider Booost is targeting small-to-medium-sized firms with new low-cost home computer and bicycle schemes.