United Kingdom

UK - Consultants and accountants have accused the government of woefully underestimating the number of people affected by the proposed £1.4m pension savings cap.

UK - Employers can boost their employees' DC pensions and save money by allocating parts of pay rises to pension schemes, Gissings claims.

UK - Local authority pension schemes will only invest in hedge funds if fund managers provide more education and information about them, Aegon Asset Management claims.

UK - Watson Wyatt is urging the government to give employers more freedom and flexibility in how they choose to run their pension schemes.

UK - UBS Global Asset Management is launching a Jersey-based unit trust in response to a growing demand from schemes for property funds.

UK - A U-turn by the pensions ombudsman over awarding legal costs for "non-exceptional circumstances" has been attacked by law firms.

UK - Employers must consult with staff over any changes to scheme rules or wind-up plans to protect themselves against any future claims.

UK - Alexander Forbes has promoted Tim Wilson to the position of managing director of its UK corporate risk solutions business.

UK/US - Pension schemes have been urged not to overlook alternatives to defined contribution plans when closing final salary schemes.

UK - Schemes could increase their appeal to members if they offered more flexible DC packages, MNPA claims.