United Kingdom

UK/US - The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say.

UK - Trustees could be on the hook for liabilities up to 15 years after a buyout has occurred if they fail to take adequate insurance cover, lawyers warn.

UK/CANADA - The Canada Pension Plan Investment Board (CPPIB) has set up a joint venture with Hammerson to acquire a £183m ($291m) City of London office block.

US/UK - Curtis Arledge, former chief investment officer for BlackRock's fundamental index portfolio, will join BNY Mellon Asset Management as vice chairman and chief executive.

UK - FTSE100 companies dramatically upped pension contributions last year to a record £17.5bn ($27.8bn), data from Lane Clark & Peacock reveals.

UK - The Pensions Regulator chairman David Norgrove will step down from his role when his second term in post ends on 31 December.

UK - British Airways' deal with its scheme trustee over how to plug its £3.7bn deficit has been approved by The Pensions Regulator.

Asia/UK - Baring Asset Management has appointed Wayne Shum to the newly created role of head of institutional business for Asia.

UK - British Telecom is to challenge Ofcom's decision not to take into account its scheme deficit when setting its regulated charges.

UK - The government is proposing to scrap the default retirement age of 65 by October next year.