United Kingdom

UK - Pension funds will turn increasingly to enhanced index investing in a bid to boost returns, fund managers predict.

UK - Staff at nine Royal Ordnance factories are threatening strike action to defend their final salary pension schemes.

UK - Private equity investment forms an increasingly large proportion of funding for mergers and acquisition, KPMG Corporate Finance research shows.

UK - Jardine Lloyd Thompson has appointed Neil Brennan as its head of human resources consulting.

UK - Dunnett Shaw & Partners has appointed Kath Lyons as a consultant in its Sheffield office.

UK - Lifetime value-protected annuities would be only slightly more expensive than those offered until age 75, Legal & General research shows.

UK - Hedge funds are "proving their worth as an asset class" with returns averaging 1.2% over the past 12 months, fund managers say.

UK - The final members of the government's new pension commission have been named as Jeannie Drake and John Hollis.

UK - International tractor giant Agco faces up to a £40m increase in pensions liabilities after the High Court ruled against its plans to cut employees' benefits.

UK - Rael Gordon has been made group chief executive of financial services group Alexander Forbes.