United Kingdom

UK - Defined benefit sponsors continue to under value the risks associated with poor member data, Aon Consulting warns.

UK - The Department for Work and Pensions' proposal to abolish transfers of contracted out rights from DB schemes could see the end of the enhanced transfer value market, industry experts say.

UK - The Pension Protection Fund has unveiled details of a long-term funding strategy which will make it financially self-sufficient by 2030.

UK/Global - Employees at AstraZeneca will strike on three dates in September in a row over cuts to its UK pension scheme, GMB says.

UK - Public sector pension scheme liabilities are driving a national debt of £5trn ($7.7trn) and cannot be ignored, the Institute of Economic Affairs says.

UK - The number of FTSE 250 companies providing final salary benefits to a large number of employees has fallen to just 15, Pension Capital Strategies says.

UK - The coalition government's pensions tax relief proposals risk "pulling the rug" from underneath occupational provision, a consultant warns.

UK/AUSTRALIA - Former Money Portal boss Tony Morris has had his assets frozen by top Australian judges over his links to the £52m GP Noble fraud case.

UK - The Pensions Regulator is taking an aggressive and threatening stance with trustees who have not performed a formal covenant review, a lawyer says.

UK - The British Airways Pension Fund has made a fresh allocation to City of London real estate as it believes the sector is well positioned in the current cycle.