United Kingdom

UK - Corporate governance directly affects shareholder ret-urns, a new study in the US shows.

UK - The Universities Superannuation Scheme has appointed DTZ Debenham Tie Leung as investment adviser and manager of its commercial property portfolio.

UK - Two of the largest occupational pensioner organisations in the UK are to merge.

UK - Marks & Spencer said that it would sell bonds worth £400m after an actuarial valuation revealed a £585m shortfall in its pension scheme.

UK - Renewed investor confidence and a surge in the euro will see European equities rally, fund managers predict.

UK - The Pensions Bill will overcomplicate the annuity market, experts claim.

UK - Deutsche Asset Management is to divide its UK operations into seven "boutiques" as part of a radical overhaul of its business.

UK - News and media group Press Association has chosen Lane Clark & Peacock to provide pensions administration services.

UK - The new pensions regulator must be backed by a framework which stipulates its basic principles, a leading fund manager warns.

UK - The number of European corporate bond mandates being put out to tender by schemes has more than doubled, research from Mercer Oliver Wyman shows.