PENSIONS ombudsman David Laverick has reported a second scheme trustee to The Pensions Regulator in as many months following a "total lack of response" to transfer requests.

US - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the Levitz Furniture Employees' Retirement Plan, which has a US$23.5m shortfall.

Sponsors, trustees and advisers must review all court proceedings and block confidential material being accessed under a "snoopers' charter", lawyers warn.

Duke Street founder secures £1bn pensions initiative; Theadneedle's Michael Taylor set to retire; Britain lagging behind in productivity; Rate rise fears stoked by house prices

The Pension Protection Fund has admitted further errors in the way benefits are calculated, PP can reveal.

CANADA - The number of private pension plans on the Office of the Superintendent of Financial Institutions' (OSFI) watch list rose 10% from 77 to 86 at the end of the fiscal year.

FEWER than a quarter of pensions funds that invest in funds of hedge funds are satisfied with their investment returns, latest research from Mercer Investment Consulting reveals.

DUKE Street Capital founder Edmund Truell has secured £1bn of capital to fund his new bulk annuity firm, Pension Insurance Corporation.

INVESTORS are finally waking up to the fact they can invest responsibly without sacrificing returns, F&C Asset Management says.

EUROPE - With the exception of Japan, European institutional investors plough more into hedge funds and alternatives than any other global market.