United Kingdom

UK - Workers would choose a non-contributory pension over extra holidays, a company car or private health cover, a study by KPMG reveals.

UK - Aberdeen Property Investors chief executive Iain Reid is set to resign following an aborted attempt to sell the firm last month.

UK - Winterthur Life has recruited David Beacham as business development manager on its sales team.

UK - Insurance giant Axa (UK) and trade unions have been forced to make major concessions to end a row over the firm's final salary scheme.

UK - Hedge fund manager Integrated Asset Management has acquired the brokerage arm of advisory firm Investory for an undisclosed amount.

UK - The Pensions Commission is unlikely to publish its report until after the next general election for fear it will be lost in party politics.

UK - The Faculty and Institute of Actuaries has published an advance version of "guidance note 35" on its website.

UK - Schroder Investment Management has stemmed the haemorrhaging of its institutional business.

UK - Department store chain Beatties is boosting its pension contributions in a bid to close a £6.5m hole in its defined benefit scheme.

UK - Aon Consulting has been appointed by the Transport & General Workers' Union to provide consultancy and administration services.