US/JAPAN - Freezing defined benefits plans in the US and Japan and relying solely on a defined contribution plan fails to address risks, according to a working paper published by the Pension Research Council.

Decision imminent on BT's £28bn pension 'guarantee'; Pension funds set for windfall after ECJ dividend ruling; Directors urged to curb bonus bonanza; Anti-ageist laws could allow fired execs to sue, warns ABI

The Pension Protection Fund has been criticised over new plans that do not include investment strategy as a separate factor in the risk-based levy.

US - The US$388m Public Service Superannuation Fund (PSSF) will pay out an additional US$2m a year, after the senate approved a 6.5% increase in Bermuda civil service pension pay.

HARRISBURG - Over 100 members of the $30bn Pennsylvania State Employees' Retirement System (SERS) have had their personal information published on a public web page.

INDIA - Nikko Asset Management and Indian financial services group Ambit RSM Private Limited have announced plans to establish a joint asset management venture in India.

PATERNOSTER has secured its tenth buy-out deal with the Chartered Accountants' Employees Superannuation Scheme.

US - Liabilities of the US$10.2bn Hawaii's Employees Retirement System increased by $1bn over the past year, an actuary has told the fund's trustees.

INCREASING numbers of FTSE100 companies are turning to trust-based defined contribution schemes, latest research by Watson Wyatt finds.

Pension trustees told to be vigilant; Legal & General predicts market rises in 2007; Investor bodies in ethics vow