United Kingdom

UK - The IMI Pension Fund is to undertake a wide-ranging strategic investment review to reduce risk while preserving returns.

UK/US - State Street Corp. has taken a minority stake in PensionsFirst Analytics, which offers a web tool that can provide actuarial valuations on a daily basis, and has plans to take the London-based firm global.

GLOBAL - BP has delayed a final investment decision on its controversial Sunrise tar sands project until ‘early next year'.

UK - More than half of large pension schemes plan to review or change their defined contribution default investment strategy in the next 12 months, the 2010 PensionDCisions UK Sponsor Default Survey revealed.

US/UK - The Pension Protection Fund and Visteon UK scheme trustees have filed a US$550m claim against US Visteon Corporation to recover money for the fund.

UK - Defined benefit pension funds are £300m (US$463m) in surplus for the first time since June 2008, Pension Protection Fund figures revealed.

UK - The Reader's Digest Pension Scheme has entered the Pension Protection Fund's assessment period.

UK - Total contributions to private pension schemes in the UK dropped for the first time since records began after the recession kicked in, Office of National Statistics research showed.

UK - Barbara Judge has been named as the next chairman of the Pension Protection Fund (PPF).

Staff at Norway's NOK2.7trn (US$452.2bn) Government Pension Fund Global must be breathing a sigh of relief as the Ministry of Finance took a slightly lighter touch when restricting its investments than had been feared.