United Kingdom

UK - Arriva has seen its pension liabilities fall by £47m (US$70.7m) after capped future benefit accrual in one of its schemes.

UK - British Telecom's rivals have attacked the telecoms giant for seeking to charge customers to help plug its £8.8bn (US$13.1bn) scheme deficit.

UK - Tata Consultancy Services will administer the National Employment Savings Trust.

UK - The Shell Contributory Pension Fund has shifted more of its equities and bonds exposure to passive management, after active management failed to be successful for many investors, the trustee said.

UK - Courts in Canada and the US have blocked The Pensions Regulator's attempts to seek £2.1bn (US$3.13bn) from Nortel Networks on behalf of the struggling UK pension scheme.

UK - Royal Bank of Scotland's decision to make cuts to its pension benefits saved it £2.15bn (US$3.3bn) in Q4 last year, its 2009 annual results reveal.

UK - Prudential is to get rid of its dedicated defined contribution new business team putting nine jobs at risk.

UK - Tax-relief restrictions should be scrapped and the government must issue more long-dated and index-linked gilts, the National Association of Pension Funds said.

UK - Babcock International Group has chosen Friends Provident to administer a single defined contribution pension scheme for employees without access to its existing defined benefit schemes.

NETHERLANDS - UK investors Hermes and the Universities Superannuation Scheme have filed a request with the Enterprise Chamber of the Amsterdam Court of Appeals for an investigation over Canon's tender offer worth €730m (US$990.5m) to buy Océ, the biggest...