United Kingdom

UK - The increased deficit of the BAA defined benefit scheme has contributed to the airport operator's pre-tax losses of £784.7m (US$1.3bn), results showed.

UK - Kevin O'Neill and Samina Vernon have joined State Street Global Markets as vice presidents in the transition management team, the firm said today.

UK - British Telecom Pension Scheme pensions director Kevin O'Boyle speaks to GP senior correspondent Giovanni Legorano about how an internal review led the fund to shift to a contract based scheme for the defined contribution members.

Some 30% of trust-based defined contribution schemes have breached retirement disclosure regulations, a report by The Pensions Regulator revealed.

UK - Pension scheme liabilities could hit £1.2trn (US$1.7bn) by the end of December as a result of a sharp decrease in AA corporate bond yields, Xafinity Consulting warned.

UK - CSC UK is to close its £755m (US$1.2bn) defined benefit pension scheme to existing members.

UK - The Invensys Pension Scheme has appointed BNY Mellon to provide it with derivatives collateral management services.

UK - The Chartered Institute of Personnel and Development is to close its defined benefit pension scheme to new members from January.

UK - The West Midlands Pension Fund has invested £30m ($50m) in the BlueBay emerging market opportunity fund.

UK - Bulk annuity sales could hit £3bn (US$4.9bn) this year after pension funds purchased more than £2.4bn during the first three quarters of 2009, Mercer said.