United Kingdom

UK - Scottish Widows Investment Partnership has won the Innovation of the Year award for its UK Balanced Property Trust.

UK - Media giant Reuters is to offer its staff nine further equity, cash and gilt DC funds in a bid to boost member choice.

UK - Trustee Risk Management has launched a service aimed at assisting pension scheme trustees implement specific programmes of risk management.

UK - The Society of Pensions Consultants has held talks with the National Insurance Contributions Office on the payment of age-related rebates and guaranteed minimum pensions calculations.

UK - The vast majority of people do not feel secure that their pension will adequately provide for their retirement, a survey by IFA Lucas Fettes & Partners shows.

UK - Outgoing NAPF chairman Peter Thompson blasted governments past and present for a succession of policies which have left DB schemes too expensive to keep open.

UK - Workers at shelving company Dexion are set to lose up to 80% of their benefits after its pension scheme's deficit forced the company into administration.

UK - Schemes can give some members "better value" pensions by offering impaired life annuities, Watson Wyatt told delegates at the NAPF's annual conference in Glasgow.

UK - Delegates at the NAPF's annual conference were given an insight into the decision process behind three separate defined benefit scheme reviews in a series of workshops.

UK/US - Baring Asset Management has appointed Pamela Hegarty to its US equity team as head of the technology sector and investment manager, while Sophie Petit joins as credit analyst in the UK fixed income and currency team.