United Kingdom

UK - The Universities Superannuation Scheme has invested US$135m in the Neuberger Berman Secondary Opportunities Fund II.

UK - More than half of pension scheme trustees in the UK think they should be paid for their role.

UK - PricewaterhouseCoopers has become the latest firm to raise fears over proposed pension accounting changes.

UK - Companies entering a longevity swap could get a "nasty surprise" if they do not consider the effect on their accounting position, Hewitt Associates warned.

UK - The three main political parties' manifesto pledges on pensions have been dismissed as "bland" with no commitments and saying "nothing explicit" by the PP Pensions Commission.

LONDON - Global Pensions invites readers to save the date for the Currency Management Forum London 2010 to discuss how pension funds can make the most of the unique currency environment.

UK - GLG Partners, the US$22.2bn asset manager whose hedge fund clients include global pension funds, has hired two senior managers from rival Tisbury Capital Management.

UK - Aviva has confirmed plans to close both the Aviva and RAC final salary schemes to future accruals.

UK - The pension industry should engage more with people on how much they invest into their pension pot rather than focusing on the specific investment advice, industry figures said.

UK - The London Pension Fund Authority has unveiled detailed recommendations for future reform of the Local Government Pension Scheme.