United Kingdom

UK - Tractor giant Agco has won its battle to cut pensions for workers made compulsorily redundant should they decide to take their benefits early.

UK - Firms will have to consult staff before changing pension arrangement under draft regulations from the department of trade and industry.

UK - Pensions regulator OPRA has published a set of guidelines for financial advisers involved with occupational schemes.

UK - Fashion group Burberry has admitted that parts of chief executive Rose Marie Bravo's pay package may contravene corporate governance rules.

UK - Money-broking firm Icap has promised to review a share scheme that was opposed by 22% of shareholders at the firm's annual general meeting last week.

UK - British Telecom is considering changing its compulsory retirement age ahead of government legislation to give people the right to work longer.

UK - Jeremy Podger has joined Threadline Investments' global equity team from Investec Asset Management where he was head of continental European institutional equities.

UK - Property is becoming a core investment for pension funds, as a result of its low correlation to other assets and low volatility, said a survey from JPMorgan Fleming Asset Management.

UK - The TSW Group Pension scheme has been ordered to reinstate a widow's two-thirds pension after slashing it to protect its "finely balanced" funding status.

UK - Public sector unions are warning of industrial action unless the government scraps plans to increase the retirement age of workers.