United Kingdom

UK - Invesco has appointed former Tillinghast-Towers Perrin senior manager Vaughan Jenkins as its first head of workplace marketing for the UK and Ireland.

UK - Mail-order giant Otto UK is merging the pension schemes of two of its catalogue publishing arms - Grattan and Freemans.

UK - Independent trustees Pitmans will have to conduct a second actuarial valuation for the Roxspur final salary scheme after the High Court vetoed the first.

UK - The Conservatives may try to amend the Pensions Bill to give workers retrospective compensation, said Party leader Michael Howard (pictured).

UK - Corporate governance experts have welcomed the government's decision to resist drafting legislation to curb excessive boardroom pay for underperforming company bosses.

UK - Gilt returns were outpaced by retail prices last year, Barclays Capital's 49th Annual Equity Gilt Study shows.

UK - The Pensions Protection Fund will only protect 70% of the total value of members' pension promise, a leading actuarial consultant claims.

UK - Investment management consulting specialist Citisoft is to expand its fund manager outsourcing evaluation services.

UK - Barnardo's "transparent and flexible" approach to changing its final salary scheme is being hailed as a blueprint for the industry.

UK - Flat-rate fees for the Pensions Protection Fund will virtually condemn it to failure, experts fear.