United Kingdom

UK - PIRC is recommending shareholders vote against a long-term incentive plan to be proposed by British Land at its annual general meeting today.

UK - Scheme concerns over remuneration deals for two Safeway directors would be addressed if the firm was not facing a take-over, the supermarket giant says.

UK - Merrill Lynch Investment Managers has hired John Leonard as fund manager in its global equity team from Citigroup.

UK - Burberry faced shareholder opposition over a "generous" pay deal for the fashion firm's chief executive, Rose Marie Bravo.

UK - Mis-selling fears are preventing stakeholder providers from offering a suite of simplified products, market feedback shows.

UK - Pension fund assets under management fell by nearly 17% last year as equities floundered, new figures by Hymans Robertson show.

UK - The BBC Pension Scheme has revealed a massive £1.07bn FRS17 deficit, compared with a modest surplus last year.

UK - The government has rejected "unfounded" claims that the Pension Protection Fund will give members less than a third of their benefits.

UK - The number of funds rated by Standard & Poor's hit a record high in June, the global ratings agency said.

UK - A renewed focus on pension scheme asset allocation will lead to more scheme-specific benchmarks and traditional investment solutions, UBS Global Asset Management says.