United Kingdom

UK - Torfaen County Borough Council has awarded Threadneedle Investments a £235m UK equity mandate.

UK - British workers will have to retire later than 65 if they are to enjoy a decent standard of living as pensioners, Adair Turner claims.

UK - PricewaterhouseCoopers has warned the government Inland Revenue plans to introduce flexible annuities will be "irrelevant" to ordinary savers.

UK - Final salary scheme members are paying twice as much into their pensions as employees in money purchase plans, latest figures from the Government Actuary's Department show.

UK - The House of Commons work and pensions committee has launched an inquiry into the DWP and the service it gives to people from ethnic minority communities.

WALES - Cardiff University and the University of Wales College of Medicine will not combine their non-acedemic staff pension schemes when they merge next year.

UK - Responsibility for shaping the IFA market will be with the industry and not the regulator, the Association of Independent Financial Advisers says.

UK - BAe Systems has agreed to take on a major share of the costs needed to plug a £2.16bn deficit across its seven schemes.

UK - Software solutions specialist LogicaCMG is to consolidate its pensions schemes to make way for one "common" DC scheme for all employees.

UK - Schemes are being urged to vote against bumper pay deals for Shell executives in the oil giant's annual general meeting later this month.