United Kingdom

UK/Europe - The European Commission must make sure it does not "mix apples with oranges" and confuse the insurance industry with pension funds.

UK - Lord Hutton admitted the Labour administration's pension reform package did not go far enough and may have "made matters worse".

UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.

UK - Narrowing Consumer Prices Index and Retail Prices Index inflation will save schemes switching to CPI just 60p (94c) a week for each scheme member, according to figures.

UK - Overestimated inflation projections could be costing UK defined benefit scheme sponsors over £50bn ($79bn)in unnecessary funding commitments, a corporate adviser warns.

UK - UK pension funds are showing early signs of re-risking, according to panel members at a JP Morgan Transition Management (TM) press briefing in London yesterday.

UK - The Court of Appeal has ruled in favour of The Pensions Regulator in the Nortel/Lehman Brothers legal challenge.

UK - State Street was forced to reimburse a client for a transition management trade after an internal investigation, which led to the dismissal and possible dismissal of senior transition managers Ross Mclellan and Edward Pennings, found the client had...

UK - The government has announced a six month delay in the increase in the state pension age in 2020.

UK - Alliance Boots is leaving itself open to mis-selling claims from its thousands of pensioners after it offered to change the way their plans are paid, its former finance chief said yesterday.