THE FINANCIAL Services Authority has clamped down on two independent financial advisers after control failings led to 650 defined benefit scheme members being exposed to significant risk of financial loss.

STEPHEN NICHOLS takes over from Richard Stroud as chief executive of The Pensions Trust today.

HOLLAND - Rebel institutional investors have been told to wait until Thursday to decide whether ABN...

GREECE - Labour Minister Savvas Tsitouridis was asked to tender his resignation on Saturday and become the latest casualty in the Greek pension fund bond scandal.

JAPAN - Global Pensions has discovered highly progressive proposals which argue the world's biggest pension fund should be split.

PENSION funds should vote against Shell's remuneration report at its annual general meeting on May 15, urges the Local Authority Pension Fund Forum.

UK - Credit Suisse has launched two liability driven investment (LDI) funds to improve the funding position of defined benefit pension (DB) schemes and offer some protection of the future liabilities.

US - Mercer Human Resource Consulting has recommended Defined Contribution (DC) plan sponsors take a proactive approach to new guidance regarding greater disclosure of plan fees and expenses.

MEXICO - Private pension scheme providers' hands have been untied a little as regulator CONSAR relaxed investment limits in order to improve diversification and returns for members.

US - The California State Teachers' Retirement System (CalSTRS), has enlisted Barra Analytics to help it select and monitor external equity managers.