United Kingdom

UK - Army veterans are suing the Ministry of Defence for £500m over pension payments.

UK - IFAs are predicting an exodus from NPI following its decision to close its doors to group pension business.

UK - The NAPF has welcomed Laura Tyson's Department for Trade and Industry-backed Report on the Recruitment and Development of Non-Executive Directors.

UK - Balanced pooled funds have regained losses they suffered since the beginning of the year, the latest IMAGE survey by HSBC Actuaries and Consultants reveals.

UK - Laws forcing companies to meet their pension promises will be made retrospective, leading lawyers believe.

UK - Three local authorities are tendering for mandates worth nearly £600m.

UK - The £10bn British Coal Staff Superannuation Scheme (BCSSS) has moved almost half of its assets away from Goldman Sachs Asset Management to new managers.

UK - Unbundled defined contribution plans leave trustees open to future lawsuits from members, a leading IFA claims.

UK - Average member contribution rates could double to meet the escalating cost of running defined benefit schemes, industry experts warn.

UK - Custodian JPMorgan Investor Services is to carry out performance measurement and analytical services for Honeywell Pension Trustees.