United Kingdom

UK - Two overseas firms have teamed up to challenge the powers of the UK's pension regulator to require they provide financial support to their UK pension funds.

UK - The industry is likely to be kept waiting until November to hear the findings from the auto-enrolment review, Nigel Waterson says.

UK - Aegon is set to wind down its UK trustee solutions business which provides third party administration services.

UK - Scheme allocation to alternatives will rise to more than a third of assets over the next two to three years as funds shy away from equities, J.P. Morgan Asset Management research suggests.

UK - The Pensions Ombudsman and the Pensions Protection Fund Ombudsman could be merged with The Pensions Regulator, a leaked Cabinet Office document suggests.

UK - Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.

US/UK - Requests for securities lending services unbundled from custody arrangements are on the increase, officials at eSecLending say.

UK - Vince Cable's plans to "give shareholders more say" will fall flat because institutional investors do not have sufficient incentives to exercise responsible ownership, FairPensions warns.

UK - Utility corporate bonds pose significant risks for many investors and are part of a "worrying trend," M&G says.

UK - The Pensions Regulator's determinations panel has ruled six subsidiaries in the Lehman Brothers group should provide financial support to the pension scheme.