United Kingdom

UK - Trustees need to lead the way by introducing a long-term perspective for managing pension funds, delegates were told.

UK - Investment markets have enjoyed plain sailing recently but experts believe they will soon hit choppier waters.

UK - Good corporate governance must become part of everyday business management, the new president of the Confederation of British Industry claims.

UK - Plans to appoint one or more deputy pensions ombudsmen could destabilise the consistency of the office's determinations, lawyers warn.

UK - The government has defended its £400m compensation plan for scheme members who lost pension savings when their firms collapsed.

UK - The government has been criticised for leaving out a provision in the Finance Bill to allow schemes to pay a bereavement grant on the death of a pensioner.

UK - Only one in five employees understand the value of their benefit packages, according to research conducted by the independent financial adviser Origen.

UK - Armitage Pet Products has appointed multi-manager Investment Solutions to run its closed DB pension scheme.

UK - Fund managers are under pressure to make schemes' equity holdings sweat more, a leading investment house says.

UK - Trust-based defined contribution schemes could virtually disappear when the simplified tax regime is implemented, a new study claims.