UK - British Airways received a £396m credit due to changes in the New Airways Pension Scheme according to its annual report, released today.

UK - JPMorgan Asset Management (JPMAM) has proposed that traditional defined contribution schemes default options should be overhauled to include total return strategies.

THE PENSION Protection Fund's decision to raise tax issues with the Treasury begs the question of which body is most responsible for pensions, a consultant says.

A SHAREHOLDER'S resolution to compel supermarket giant Tesco to improve how its suppliers treat their staff will be considered at the firm's annual general meeting.

CANADA/US - Direct infrastructure investment is attracting attention from an increasing number of North American pension funds demonstrated by two major funds commiting funds to the asset class.

UK - Telecom giant BT's year end preliminary results show its defined benefit pension scheme has a £1bn surplus, calculated under the new IFRS accounting standards.

UNDERSTANDING of environmental, social and governance issues alongside more traditional financial factors gives trustees a better understanding of risks and opportunities, Watson Wyatt says.

IMPLEMENTATION of a re- vamped local government pension scheme by April 1 next year is "seriously at risk" despite assurances given by the department of communities and local government, Xafinity Paymaster warns.

NEW ZEALAND - New Zealand employers could help ensure the country's liquid retirement as today's budget raised their contribution levels to the Kiwisaver or other complying schemes to 4%.

GLOBAL - Investec reported pre-tax operating profit increases of 20% in its annual results.