United Kingdom

UK - BT will consider reopening its £26.6bn final salary scheme if it fails to attract more savings into its money purchase plan.

UK - Trustees need a common standard for company accounts, scheme valuations and investment reports to match assets and liabilities, successfully, RailPen Investments claims.

UK - The government has criticised trustees for failing to get to grips with principles set out in the Myners Report.

UK - Independent financial advisers will be fined and firms closed down if they give poor pensions advice, the Financial Services Authority's new chairman has warned.

UK - The Aegon UK pension scheme has not produced audited accounts for 10 years, the pensions regulator has found.

UK - Regulators have launched an in-depth review of 49 schemes with "sizeable deficits" to see how they have been handled by trustees and consultants.

UK - Dunstan Thomas is reconfiguring its Imago:Illustrations administration software so pensions providers can meet demands for greater cost transparency.

UK - SEI Investments has appointed Standard Life Investments to its UK equity fund manager roster.

UK - Pensions are at the centre of a heated row between local authorities and the government over increases in council tax.

UK - Independent financial adviser Park Row Group has bought Citadel Financial Services for an undisclosed amount.