United Kingdom

UK - Uniq and the pension scheme trustees have come up with a revised funding agreement that could see 90% of the company's equity handed to the trustees.

UK - The state pension age will reach 66 by 2020, as part of the Spending Review.

UK - The Financial Reporting Council has revealed the 68 signatories to the UK Stewardship Code.

UK - Scheme funding positions were affected by as much as £50bn ($79bn) in Q3 due to the movement and volatility of long-term gilt yields, Pension Insurance Corporation says.

UK - Trustees now have a further five years to act on legal requirements under section 251 of the Pensions Act 2004, the department for work and pensions confirms.

UK - The government has announced it will set up a new public Royal Mail pension scheme - the liabilities of which are to be met by the taxpayer.

UK - The annual allowance will be cut from £255,000 ($408,000) to £50,000; the lifetime allowance reduced from £1.8m to £1.5m, and the factor for valuing final salary benefits increased from 10 to 16, the Treasury has announced.

UK - Non-executive directors need to take a more dynamic role in corporate governance, Legal & General Investment Management (LGIM) claims.

UK - Man Group has completed its $1.6bn purchase of GLG Partners, creating a diversified fund group running $63bn of assets.

UK - The Treasury confirmed the annual allowance will be cut from £255,000 to £50,000 and the lifetime allowance reduced from £1.8m to £1.5m.