United Kingdom

UK - The decision by Boots to switch to a 100% bond asset allocation has been lauded as a masterpiece of tactical investment timing by Hermes Pensions Management.

UK - A work and pensions minister has admitted that the Government may not meet its targets for reducing reliance on state pensions. The government's aim is to shift the burden from state provision by 2040.

UK - Fund management firms which cut back on staff could harm their prospects of winning new business, consultants warn.

UK - CMS Cameron McKenna is holding a law briefing for pensions managers, administrators and trustees on October 23.

UK - Scottish Life has cut the terminal bonus rates for its with-profits policies for the second time in four months due to falling markets.

UK - Law firm Norton Rose is holding a breakfast seminar on how to deal with member complaints and disputes.

UK - Wolanski & Co Trustees has won its 1000th SIPP client.

UK - British Energy is ending its contribution holiday on its two pension schemes.

UK - State pensions can only be afforded if the government faces up to the reality of increased longevity by raising the retirement age, actuaries warn.

UK - The Engineering Employers' Federation is linking up with Aon Consulting to carry out a major survey of pension provision in the manufacturing industry.