United Kingdom

UK - One million defined contribution scheme members are being short-changed because the government insists they buy a limited price indexed annuity, insurers claim.

UK - Workers have more faith in their employers to provide them with an adequate pension than the government.

UK - Insight Investment has increased its weighting in fixed income as bond yields reach a point it deems as "fair value".

UK - The Confederation of British Industry has urged firms to "toughen up" on executive payout to rekindle confidence among shareholders.

UK/EUROPE - Hedge fund-of-funds manager Pacific Alternative Asset Management Company has received FSA registration and established a London office.

UK - Bank workers at National Australia Group's three UK subsidiaries are warning of industrial action over plans to close their final salary scheme to new members.

UK - Morley Fund Management has clinched the largest socially responsible mandate ever awarded in the UK - a £100m brief from the £174m Unison Staff Pension Scheme.

UK - Jardine Lloyd Thompson is hosting a free breakfast seminar on pensions investment on October 14 in London.

UK - Gartmore Investment Management is launching a private equity division at the start of next year.

SCOTLAND - The Scottish Executive has refused to support a Bill that would grant same-sex couples the same pensions rights as married couples.