AQUILA has released the latest version of its pensions administration solution in a bid to offer boost scheme flexibility and efficiency.

THE NATIONAL Association of Pension Funds has announced that Chris Hitchen will take over from Robin Ellison as chairman in May.

GLOBAL - The Bank of New York's Asset Management and Private Banking division saw its assets under management increase US$26bn during 2006 to $131bn.

NETHERLANDS - PGGM has awarded a €250m (US$329m) multi-asset class emerging market mandate to Albright Capital Management.

DRAFT regulations designed to introduce a new Local Government Scheme are ambiguous and incomplete, scheme manager warns.

US - The nation's two largest pension funds have launched an emerging managers database in a bid to boost investment returns long-term.

DWP lowers pensions transfer values; Merrill sees record 68pc rise in profits; Strong business performance increases likelihood of rate rise; Furse hints at doors to open if LSE investors shun Nasdaq

AUSTRALIA - Staff could avoid paying an additional tax of up to 35% on employer's superannuation contributions by amending disclosure rules to allow employers to provide their employees' tax file numbers (TFN) to superannuation funds, Mercer has claimed....

UK - The DWP yesterday announced that from April 2008 pension transfer values would be calculated according to the expected cost to the scheme providing the pension.

Contracted-out workers are being urged to resist "aggressive" cold calls from firms that are offering the chance of compensation.