United Kingdom

UK - Car workers at Peugeot's Ryton plant will vote on strike action in the new year over company's plans to increase members' pension contributions.

UK - Equity fund managers who outperform the index are in line for Christmas bonuses even if they have failed to deliver positive performance over the past year.

UK - Over half of companies with defined contribution schemes offer six or more investment fund options, research by Watson Wyatt shows.

UK - The FSA looks to be failing in its aim of enhancing consumer protection, a survey by outsourcing specialist Huntswood claims.

UK - Pension funds and insurers have devised a new system for firms to limit payments to failed executives.

UK - The £15bn Universities Superannuation Scheme has scrapped plans to enhance its final salary scheme following overwhelming opposition from members.

UK - Watson Wyatt is urging schemes to take a more proactive approach to asset allocation.

UK - Pension funds must increase their corporate governance focus or face questions about their ability to act as responsible shareholders, pensions research agency PIRC warns.

UK - Small firms are urging the government to tread carefully over changes to pensions legislation.

UK - The Social Housing Pension Scheme celebrated its 25th anniversary at the Leeds office of The Pensions Trust last week.