UK - Paternoster has released new research claiming that the true cost of London tube strikes could add £90bn to British pension scheme liabilities.

Industry experts fear ministers are planning to scrap salary sacrifice contributions to bolster National Insurance revenue.

UK - Citigroup's acquisition of the sponsor company for the UK-based Thomson Regional Newspaper pension fund has been branded as a copy-cat opportunistic move by Pensions Corporation.

Ministers are still "divorced from reality" when dealing with scheme wind-up victims, Pensions Action Group campaigner Ros Altmann says.

INCLUDING: GLOBAL - Northern Trust CIO appointment; UK - SEI wins three DB mandates; UK - Watson Wyatt shows the way to change; ASIA -New Asian fund of funds; UK - Drive for Hewitt; UK - Deregulation debate; UK- Barnett Waddingham hire

Directors' pension pot tops £1bn, say unions; Bank attacked despite £4bn injection; OECD cuts growth forecasts after market turmoil

GLOBAL - Global Pensions has found transition managers are experiencing unprecedented volumes of business, due to pension funds switching asset classes and asset managers underperforming.

Mercer Human Resource Consulting has launched a pan-European defined contribution pension scheme which will allow multi-national firms to put all their employees in one plan.

DIRECTORS of the UK's top companies have amassed huge pension pots while cutting benefits for their staff, the Trades Union Congress claims.

GLOBAL - Asset managers are making concerted efforts to reassure pension funds and other clients over their exposure to US sub-prime asset-backed securities.