United Kingdom

UK - Drinks giant Diageo and brewing firm Whitbread have unveiled massive increases in their FRS17 pension scheme deficits in the wake of plunging stock markets.

UK - The £1.9bn J. Sainsbury Pension and Death Benefit Scheme has revealed its best and worst performing fund managers.

UK - Pension funds returns were down almost -13% in the three months ended 30 September, according to initial estimates from performance measurement consultancy, WM Company.

UK - The UK's largest actuarial firms have hit out at the growing difficulty they face in getting professional indemnity cover.

UK - Scottish Life has called for retrospective simplification to pension rules in its submission to the House of Commons work and pensions select committee inquiry.

UK - A controversial clause in British Airways' Airways Pension Scheme was passed at a meeting with "non-authorised" management trustees, pensioners have been told.

UK - The head of the Office of National Statistics has been grilled by the Commons Treasury Committee over a £43bn error in retirement savings estimates.

UK - The Financial Services Authority has adjusted the rates of return used for calculating pension transfer losses, redresses and opt-outs for the Pensions Review.

UK - Credit Suisse Asset Management is urging pension funds to stick to quality bond markets, despite the temptation to seek higher yields in the current climate.

UK - A property limited partnership valued at £185m has been launched by Pinder Fry & Benjamin.