MORE than 12 million UK workers are still not doing enough to ensure adequate security in retirement, says the Association of British Insurers.

ERNST & YOUNG is building up a new actuarial pensions practice in a bid to expand its offering to schemes, PP can reveal.

AUSTRALIA - Increasing regulatory and compliance costs for superannuation funds have grown to such an extent that they are now likely to outweigh the benefits to consumers, a study by the Association of Superannuation Funds of Australia (ASFA) has found....

ROYAL Bank of Scotland is offering new employees a cash bonus for joining their defined contribution plan in a bid to keep their pensions offering competitive, delegates at the Professional Pensions Show heard.

The Pensions Archive Trust is considering joining up with the London Metropolitan Archives to collate and preserve historical documents relating to the UK pensions industry.

JAPAN - The average funding ratio for Japanese corporate pension plans has risen 31% in the last three years on the back of an improving economy and a rebound in domestic equity markets.

UK - British Airways is to make an £800m one off cash injection and three further payments of up to £50m annually into its ailing pension scheme, as the airline looks to tackle its massive £2.1bn deficit.

SCOTTISH Life has launched a new range of services designed for the UK defined benefit market.

THE PENSION Protection Fund could enter the bulk annuity buyout market within the next 10 years, chairman Lawrence Churchill has claimed.

NORWAY - The NOK 2.1bn (€250m) Oslo Pensjonsforsikring (OPF) has appointed Northern Trust to provide custody services for its global fixed income portfolio, managed by investment manager Rogge Global Partners.