United Kingdom

UK/US - Local authority pension schemes could be losing out on £125m (US$198.9m) by failing to participate in US class action lawsuits, research by Goal Group revealed.

UK - rpmi has completed a major strategic restructuring in a bid to position itself for future expansion.

UK - Google, US - CalPERS, US - Nebraska Investment Council

UK - The Financial Services Authority has confirmed it will continue to require disclosure of short selling - but said it will focus on pushing for an international transparency regime rather than establish long-term rules for the UK.

UK - There will be an ongoing process of automatic re-enrolment into personal accounts, pensions minister Angela Eagle said.

UK - The Pension Protection Fund will reduce the cap on its risk-based levy to 0.5% of liabilities.

UK - The Merchant Navy Officers Pension Fund has insured around £500m (US$799m) of its pension liabilities through a bulk annuity buy-in deal with Lucida.

UK - Jessops is set to sell its main operating company to a special purpose vehicle owned by its bank, pension scheme and an employee trust.

UK - Buyout provider Paternoster will have the ability to write new business after shareholders agreed to inject £5m (US$8m) of new capital into the group.

UK/SWITZERLAND - Swisscanto is set to offer its specialist fixed income and global equity offering to UK pension schemes for the first time following an internal strategic review.