United Kingdom

UK - UBS Global Asset Management is to launch an office property fund which aims to return up to 17% per annum.

UK - Watson Wyatt has been rated as one of the UK's best employers for the fourth year running.

UK - Footballers have lost their battle to take pensions as soon as they retire.

UK - The Treasury has ordered a wide-ranging review of the actuarial profession following Lord Penrose's inquiry into the near-collapse of Equitable Life.

UK - Conservative work and pensions spokesman David Willetts has agreed to table an amendment to the Pensions Bill to delay the compulsory purchase of annuities in scheme wind-up.

UK - Purchasers of variable annuities may have borne the brunt of losses out of the US market timing scandals, according to data from Lipper.

UK- Goldman Sachs Asset Management has been hired to run a £200m currency mandate for the Superannuation Arrangements of the University of London (SAUL) trustees pension fund.

UK - Deutsche Asset Management UK is set to acquire Anglo & Overseas Trust's 43% stake in Deutsche Investment Trust Manager (DITM) for £3m in cash.

UK - Rail workers are set to strike unless Network Rail guarantees that the jobs, pay, and pension entitlements of 4000 workers will be protected.

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