The Bank of England's Monetary Policy Committee has said inflation may remain above the 2% target for the next two years, in part due to sterling weakness.

Barclays' submission of a memo to the Treasury Select Committee has revealed how Bank of England officials advised the bank on LIBOR.

A former member of the Monetary Policy Committee has claimed Bank of England governor Mervyn King was "unprepared" for the credit crisis and "controlled the bank with an iron fist."

Jenny Cosgrave investigates where schemes go from here

GLOBAL -The Greek pension system was ranked the worst in a new study because of its acute sovereign debt and overly generous promises, while Australia was found to have the most sustainable system.

US - The $22bn Employees Retirement System of Texas (ERS) has selected Deutsche Bank as its new securities lending provider, replacing JP Morgan Chase.

AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.

US - The California Public Employees' Retirement System (CalPERS) is in search of a manager to provide index fund products for six of its trust funds.

CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC.

DENMARK - Danish pension fund ATP would like to invest in local infrastructure but a lack of ‘political focus' has led to a dearth of appropriate opportunities.