REGULATIONS critical to implementing the revamped Local Government Pension Scheme look set to be delayed further following "material" changes to draft administration rules.

ABI demands new curbs on activist funds; Sainsbury trustees await approach; MPC rift lowers likelihood of another interest rate rise; Improved old age pensions ‘will not cut number in poverty'

WEST MIDLANDS Pension Fund has appointed ING Real Estate Investment Management for a £560m advisory mandate.

INCLUDING: TAIWAN - Pension fund to invest in equities; US - Northern Trust net income up 23%; US - San Diego organisation drops manager

BNP Paribas has completed its coverage of the UK offshore markets with the acquisition of RBS International Securities Services.

Technology firm Siemens is to close its remaining final salary schemes and will move around 6000 members into a defined contribution plan.

NETHERLANDS - Dutch metal and electro-technical engineering sector fund, PME, said the increase in its funding ratio to 136% was due to the rising interest rate.

Barclays Global Investors has launched what it claims is Europe's first and only clean energy exchange traded fund.

FALLING rates of pensioner poverty are likely to grind to a halt unless the government increases spending on the problem, according to the Institute for Fiscal Studies.

NEARLY four-out-of-10 workers are likely to spend their summer lunch breaks at the pub, research shows.