United Kingdom

UK - Savers are more likely to put money away for a holiday than into a pension fund, according to Royal London.

UK - A former MI5 agent is seeking an enhanced pension from the Ministry of Defence after being forced into hiding and finding himself unable to earn a living.

UK - Schemes have produced their best returns since the start of the bear market in 2000, the latest WM Company figures show.

UK - Gartmore Investment Management's specialist UK equity team outperformed the FTSE All-Share by 16.4% for the year to October.

UK - Nearly half of cash managers simply leave assets on deposit rather than use money market funds, new research shows.

UK - Schemes will be forced to hire a string of "second tier" fund managers instead of the best performers, consultants claim.

UK - Merrill Lynch Investment Managers is launching an investment solutions group to help schemes "manage their liabilities effectively".

UK - A scheme member has kept the majority of an £83,000 overpayment after arguing that he needed the money to fund an "affluent lifestyle".

UK - Schemes in the UK are reviewing fund managers which have been caught up in the market timing scandal in the US.

UK - Mercer Human Resource Consulting has replaced Watson Wyatt as pensions consultant at Linde Material Handling.