United Kingdom

UK - The financial advice arm of accounting giant Deloitte has been fined a record £750,000 for compliance failings in its pensions mis-selling review.

UK - The Financial Services Authority is making an additional £2.5m contribution to its pension scheme to reduce the deficit.

UK - The Pensions Annuity Friendly Society has suspended chief executive Chris Rostron pending an internal investigation.

UK - Scottish Widows Investment Partnership's money market fund was the best performer over the past 12 months, according to the Institutional Money Market Funds Association.

UK - Passive management fee increases will put Barclays Global Investors out of reach of smaller schemes, a consultant claims.

UK - Mercer Oliver Wyman have announced the appointment of Julia Hobart and Denis Bastin as Directors in the firm's London Office. Both join from Mercer Manager Advisory team.

UK - An independent audit on how much members are owed from wound-up schemes is being headed by the government's pensions adviser Ros Altmann (pictured).

UK - Dexion Capital is launching a second London-based fund of hedge funds, which aims to return an average of around 15% per annum.

UK - AstraZeneca has injected £100m into its UK pension scheme.

UK - Lawyers have lambasted the delay-ridden pensions ombudsman's office for rapping a government department for taking too long to handle a claim.