UK - Less than a third of defined contribution (DC) scheme members understand how cash, equity and bond funds work, a Mercer Investment Consulting survey has found.

THE HOUSE of Commons Work and Pensions Committee today announced an inquiry to consider the proposals in the government's White Paper on personal accounts.

US - San Diego mayor Jerry Sanders has backed city attorney Michael Aguirre's decision to appeal against the recent ruling that controversially awarded benefits of 1996 and 2002 could not be reversed.

BNP PARIBAS has taken over the administration of Deutsche Asset Management's UK operations following its sale to Aberdeen Asset Management.

SAN MARINO - San Marino's ambitious pension reform programme will "fail to wean pension fund from steady and increasing budget transfers for the foreseeable future," according to an International Monetary Fund (IMF) report.

Living longer takes its toll as BT set to reveal £3bn pension deficit; Costs of pension scheme ‘will mount'; Company profits cut by new accounting methods on share plans; Hermes exposes Europe standards lag

UK - Pension fund trustees may have to set aside "vast additional reserves" to cover risks posed by the possible incorporation of some aspects of Solvency II in the Institutions for Occupational Retirement Provision (IORP) directive, Andrew Cox, partner...

THE PENSIONS industry needs to simplify and modernise its language if it is to restore the public's faith in retirement savings new research has claimed.

US - Darlene LeBlanc has been elected to the $14bn Teachers' Retirement System of Louisiana (TRSL) board of trustees following a close run-off election.

BT IS set to inject up to £2.8bn into its scheme after reaching agreement with trustees on the triennial funding valuation of the BT Pension Scheme.