United Kingdom

UK - DC contribution levels are being "disastrously underestimated" by scheme members, experts warn.

UK - An £87m bonus will be shared by 59,000 employees of John Lewis Partnerships after sales exceeded £5bn for the first time.

UK - A £2.1bn FRS17 deficit in BAe Systems' final salary scheme has been revealed after an actuarial valuation by Aon Consulting.

UK - Actuaries are considering a formal merger of their two representative bodies.

UK - Reuters could face a backlash from institutional investors over the disclosure of its chief executive's remuneration package, corporate governance experts claim.

UK - The Electricity Supply Pension Scheme is lobbying against plans to raise the age in which redundant workers can claim their pension.

UK - Merrill Lynch is to close its final salary scheme and offer staff a flexible benefits package in its place.

UK - Hewitt Bacon & Woodrow has won the actuarial consultant brief for the Royal Bank of Scotland Pension Fund from Watson Wyatt.

UK - The UK's Universities Superannuation Scheme has appointed Jones Lang LaSalle and DTZ Debenham Tie Leung respectively as investment advisors for its retail and commercial property portfolios, worth a total £1.6bn.

UK - Russia will become one of the most dominant and lucrative markets for institutional investors after a period of sustained economic growth this year, analysts say.