United Kingdom

UK - Media giant News Corporation has revealed a £367m black hole in its defined benefit pension scheme.

UK - Most workers want their pension fund investments to go to firms with strong social, ethical and environmental policies, a new study shows.

UK - A web-based service which analyses and explains pensions ombudsman determinations is being launched by law firm CMS Cameron McKenna and information provider Pendragon.

UK/FRANCE - Unions are seeking reassurances from nuclear power group Areva over workers' pension rights.

UK - The £6.7bn Imperial Chemical Industries (ICI) Pension Fund has appointed Muzinich to manage a £60m global high yield bond mandate.

UK - Corporate governance heavyweights Morley Fund Management and Deutsche Asset Management are launching funds that will try to turn around underperforming companies.

UK - SWIP has gone live with HiReporting, DST International's complete reporting solution.

UK - Wragge & Co is set to launch a full-time pensions team out of its London office following its hiring of Linklaters' managing associate Jason Coates.

UK - Northwest Airlines Corporation has made contributions equivalent to $369m to its contract employee, pilot and management pension plans, but mostly in stock.

UK - Punter Southall has secured two high-profile local authority actuarial wins in the wake of Watson Wyatt's decision to quit the market.