United Kingdom

UK - One of British Airways' two pension schemes has insured £1.3bn (US$1.9bn) of pensioner liabilities in a buy-in deal with Rothesay Life.

UK/IRELAND - Drinks manufacturer Diageo has announced a 10-year funding plan to plug its £862m (US$1.3bn) pension deficit.

UK - In his first print interview since being confirmed as pensions minister in the coalition government, Steve Webb talks to Tom Selby about the review of auto-enrolment, GMP equalisation and introducing a new Pensions Act.

CANADA/UK - A Canadian court has once again prevented UK-based The Pensions Regulator from issuing a warning notice to recover £2.1bn (US$3.1bn) from Nortel Networks in Canada.

UK/BELGIUM - The Pensions Regulator has issued a £5m (US$7.5m) contribution notice to the Bonas Group Pension Scheme.

UK - The BBC is set to close its final salary scheme to new members after its deficit surged to £2bn (US$3bn).

UK - Employers who thought they were free of funding obligations might still be "on the hook" for paying liabilities, following a High Court ruling yesterday.

UK/GLOBAL - Schemes must increase their skills in sustainability governance and publicly disclose how their responsible investment strategies are implemented, a UKSIF report urges.

BP has been sued by a former employee over losses to the company's retirement plan caused by the Gulf of Mexico oil spill.

UK - BlackRock head of European Middle East and Africa institutional business Mike O'Brien has stepped down to pursue interests outside of the fund management industry.