United Kingdom

UK - Alternative investment among UK pension funds could reach as much 30% of the total portfolio, according to one industry expert.

UK - British Airways and its pension scheme trustees have challenged the jurisdiction of the ombudsman in dealing with a complaint against them.

UK - Manufacturing firm The Brickbusiness has pledged to increase contributions into its defined contribution scheme after staff threatened to strike.

UK - Charles Beazley is to join Gartmore Investment Management as head of institutional and alternative investments.

UK - Hewitt Bacon & Woodrow has overhauled its management structure following the departure of managing director, Richard Moore.

UK - F&C Management has completed the deal to outsource the administration of its e60bn (£41bn) institutional business to Mellon Global Securities Services.

UK - Union bosses will ballot members on a new pensions package proposed by engineering giant Rolls Royce in a last ditch attempt to avert industrial action.

UK - Hedge fund specialist Man Investments has launched a multi-strategy fund which, it claims, will provide schemes with returns of up to 17% per annum.

UK - Aberdeen Asset Management chief investment officer Katherine Garrett-Cox is to join rival Morley Fund Management.

UK - The Trades Union Congress has introduced a pensions link on its website in a bid to encourage retirement saving.