United Kingdom

UK - The NAPF has completed its recommendations on the new international accounting standard, IAS19.

UK - A new generation of web forms, which will cut IFA costs and make access to online services more reliable, has been launched.

UK - Furniture giant MFI must pay an additional £3.5m a year into its final salary scheme after an administrative error increased liabilities by £40m.

UK - Members of the Essex Careers pension scheme will receive just under 50% of their pension following the firm's voluntary liquidation.

UK - Schemes must abandon conventional performance measures in favour of liability benchmarks if they are to survive, Insight Investment claims.

UK - The Financial Services Authority must be opened up to public scrutiny to ensure it is policing the industry properly, a parliamentary committee claims.

UK - Social, environmental and ethical performance are inc-reasingly being used as criteria for decision-making by inv-estors, a new report on the FTSE4Good Index claims.

UK - Royal Bank of Scotland has agreed an 11th hour deal with finance union Unifi to avoid having to go to an employ-ment tribunal over its pension policies.

UK - An NAPF team is reviewing the state pension system and will recommend some key changes late next year.

UK - Attempts to improve industry standards for independent trustees are being hampered because of uncertainties over the Pensions Bill, experts claim.