Trustees will be breaking the law next month if they fail to give members an update of current funding levels, a pensions lawyer warns.

UK - The sub-prime crisis could actually enable pension funds to improve their funding positions, claim some industry professionals.

US - The Massachusetts Pension Reserves Investment Management Board (PRIM) has issued a request for proposals (RFP) to provide the fund with international real estate securities investment management services.

Prudent firms ‘to be hit by new rules'; Final-salary deficit warning; Renewed volatility dents hopes for calmer markets; Sainsbury shares slip after concerns rose over Delta Two deal

INCLUDING: UK - New manager at Morley; US - Commodity index to underlie ETF; IRELAND - New head of compliance at Pensions Board

LONDON Underground workers have voted overwhelmingly for strike action over collapsed maintenance firm Metronet's failure to guarantee pensions and jobs.

SOLENT Capital Partners has warned it may have to sell off assets from its Mainsail II fund following the US sub-prime crisis.

GLOBAL - Industry analysts have debated the usefulness of quantitative strategies and their ability to cope with the current market volatility.

US - The Pension Benefit Guaranty Corporation (PBGC) has met with Delta Air Lines to discuss future plans for the company's stricken pilots' pension scheme.

FIDELITY INTERNATIONAL has made the first of a series of purchases for its planned pan-European real estate fund - set to be launched later this year.