UK - Aon has claimed its Pensions Security Indemnity (PSI) product is close to signing its first major deal.

GOVERNANCE issues are now the key focus for trustees, Profund claims.

THE Pensions Regulator and Close Brothers Corporate Finance are holding a free scheme specific funding workshop in London on July 30.

Actuarial consultant Danny Vassiliades is rejoining Punter Southall after less than 18 months at Mercer Human Resources Consulting.

DIVERSIFICATION of asset classes is one of the best ways to achieve a stable series of returns for pension funds, Barclays Global Investors says.

US - The California Public Employees' Retirement System (CalPERS) has announced a $100m investment in global emerging markets, through Washington DC based firm EMAlternatives.

BIRMINGHAM City Council is set to take responsibility for the National Exhibition Centre Pension Fund's deficit.

The government will bow to industry pressure and set the contribution cap on personal accounts lower than the £5000 limit proposed, industry sources told PP.

Insurers have criticised plans to scrap the pensions ombudsman's office following Paul Thornton's institutional review for the department for work and pensions.

The government has dropped plans in the House of Lords that would have made pension savings up to £16,000 exempt for means-testing purposes.