INDIA - The Pension Fund Regulatory and Development Authority (PFRDA) has sought applications from fund managers for its New Pension System (NPS).

NEW scheme funding rules and how employers should negotiate with trustees are discussed in the latest installment of the company tool-kit from Punter Southall.

UNITED Norwest Co-operatives Employees' Pension Fund has appointed Baring Asset Management to manage a £23m diversified growth mandate.

CHILE - The domestic stock market tumbled by over 3% yesterday as it was announced pension funds' international investment limits may be raised from 30% to 45% as early as July.

UK - Baring Asset Management has been awarded a £23m diversified growth mandate by United Norwest Co-operatives Employees' Pension Fund.

US - A new study has reportedly predicted up to 75% of US corporate pension plans could be frozen or terminated within the next five years.

BELGIUM - The Belgian municipality of Brecht has tendered a €2.4m (£1.8m) mandate for a new pension fund.

New entrants fail to make their mark; Acquiring companies ought to be reliable pension guarantors; De La Rue staff can bank on pensions; Investors lobby City for vote on ABN bids

UK - The Highland Pension Fund has appointed Hymans Robertson to provide investment advice and consultancy services.

US - The Teacher Retirement System of the State of Illinois (TRS) has appointed two new senior investment officers.