SCOTTISH LIFE is closing its third-party administration arm, DC Solutions.

US - Pennsylvania's two largest pension systems need to enact a number of key reforms or face a "significant" rise in unfunded liabilities - which already stand at US$11bn - Auditor General Jack Wagner has warned.

UK - Credit Suisse has appointed Fawzi Kyriakos-Saad to the newly-created position of emerging markets CEO in the Europe, Middle East and Africa (EMEA) region.

GLOBAL - The massive losses incurred by Amaranth Advisors has not triggered a hedge fund sell off from large pension funds.

DENMARK - The lucrative Danish industry has become a hotly contested one following number of new entrants and a concerted push by mid-sized players, industry players said.

SWEDEN - The €12bn DC scheme of Länsförsäkringar AB, a Swedish insurance and banking alliance, is to up its exposure to alternatives to 25%.

NICHOLAS-APPLEGATE Capital Management is set to open a London office in a bid to boost its UK and European presence

Companies hide truth about pension deficits; Unison's pension challenge fails; Green rejects selling Aracadia pension assets; Insurance industry keen to join pension fund chase

UNISON has vowed to fight on in its battle to have the Rule of 85 returned to the Local Government Pension Scheme after losing its appeal in the High Court.

A fall in the number of whistleblowing reports could prevent The Pensions Regulator detecting potential problems in schemes, a lawyer warns.