The government's pension deregulatory review has been criticised for being too narrow and virtually dismissing any possible reduction in accrued benefits.

RAILPEN and the Universities Superannuation Scheme will share in a $450m (£227m) payout after Royal Dutch Shell settled a class action claim.

Does chancellor Gordon Brown have a vendetta against occupational pension provision?

New investment tools

US - The California Public Employees' Retirement System (CalPERS) has reportedly doubled its tally in Brazilian real estate funds.

The Pensions Management Institute is launching a new interactive online TV channel.

STATE Street Global Advisors has launched a sustainable investment emerging markets equity fund for institutional investors.

DENMARK - PensionDanmark released figures showing premiums grew 12% in the first quarter of 2007.

SCHEMES investing in French property enjoyed better returns in 2006 than those focusing solely on the UK, new figures reveal.

A-DAY helped Tesco cut the IAS19 deficit in its defined benefit pension scheme to £950m during the last financial year, latest company results show.