British Airways (BA) is to spend billions on new longhaul aircraft, despite being plagued by a £2.1bn hole in its pension scheme.

Pensions pledge paves way for £4bn Corus deal; Pensions adviser faces takeover; Auditors warn of the drift overseas; Deutsche Bank in talks to buy Tilney Investment Management

HAMPSHIRE County Council has changed the entire investment brief of its pension fund following a major review of its assets and liabilities.

THE NUCLEAR Decommissioning Authority has announced the launch of the New Combined Nuclear Pension Plan.

UK - Synesis Life has appointed Jane Newell, chairman of the Royal Mail Pension Plan, as a non-executive director.

SOUTH AFRICA - A consortium of investors including the Ontario Teachers Pension Plan (OTPP) and Caisse de depot et placement du Quebec have made a ZAR8.3bn (US$1.1bn) offer for Alexander Forbes.

HONG KONG - Dutch pension fund giant ABP is set to open an office on Hong Kong at the start of 2007 as part of a strategy to increase its Asian non listed real estate and start infrastructure investments.

LOCAL Government Employers has launched a booklet for members of the Local Government Pension Scheme outlining the benefits available, how the scheme works and the financial protection afforded employees.

THE current government will go down as the one which destroyed the UK's pension system, independent adviser Ros Altmann claims.

HIGHAM DUNNETT SHAW has announced a major expansion of the administration and consulting services it provides to the occupational pension scheme market.