United Kingdom

UK - BA has admitted that it will have to increase contributions into its £9bn schemes after watching its pretax FRS17 deficit jump to £1.7bn from £488m last year.

UK - NAPF CONFERENCE: Schemes can give some members "better value" pensions by offering impaired life annuities, Watson Wyatt told delegates.

UK - NAPF CONFERENCE: Imminent radical government reforms are needed to address the UK's pensions crisis rather than just "tinkering" with current legislation, NAPF delegates were told.

UK - UK schemes allow for one day of trustee training per year for every £138m of funds they manage, research from Instinet Europe shows.

UK - Mercer Investment Consulting has become the latest consultant to advise clients on using "liability benchmark" mandates to boost returns.

UK - NAPF CONFERENCE: The current system of occupational pensions provision needs to change dramatically if the industry "crisis" is to be resolved, keynote speaker Peter Jay told delegates.

UK - Consultancy firm Dunnett Shaw has appointed Margaret Steward, former head of HS Administrative Services, to its board as non-executive director.

UK - NAPF CONFERENCE: A flood of scheme closures are inevitable because the government is ignoring the pensions crisis, OPAS warned.

UK - Councillors running the Local Government Pension Schemes should look for the best result and not the cheapest option when considering transaction costs, delegates at the Local Government Pensions Investment Forum heard.

UK - The Local Authority Pension Fund Forum has brought its management and administration in-house in a bid to bolster the profile of the organisation.