The Pension Protection Fund and similar lifeboat funds are "dangerous black holes", the Organisation for Economic Co-operation and Development says.

Emma Dunkley asks OECD's Edward Whitehouse about the implications of the financial crisis on pension schemes worldwide, and how governments are coping with the change

Pension funds are experiencing a second wave of innovation in the liability-driven investment market, as pension schemes increasingly use derivatives to gain synthetic exposure to asset classes, Redington Partners says.

INDIA - FTSE Group has partnered with India's stock exchange MCX-SX in order to offer a broad range of domestic and international indices to the Indian market.

Consultancy firm Redington has appointed Jeremy Lee as a vice-president in its investment consulting team.

GREECE - The cost of public pensions in Greece is estimated to rise by more than 20% of gross domestic product by 2050, according to the latest report by the Organisation for Economic Co-operation and Development (OECD).

UK - Unite is set to conduct a consultative ballot on industrial action over pay and pensions involving as many as 2000 of its Fujitsu members.

Unite is set to conduct a consultative ballot on industrial action over pay and pensions involving as many as 2000 of its Fujitsu members

GLOBAL - Julius Baer has created a structured version of its Physical Gold Fund, available to pension funds and other institutional investors.

Lloyds TSB Development Capital has completed a management buyout of JP Morgan Invest, a financial education and employee wealth management services provider.