AUTO-enrolment into the government's proposed personal accounts will cut some people's income as "meagre" savings will disqualify them from means-tested benefits, Heath Lambert Consulting warns.

US - A court has ordered the owner of now defunct Warde Electric Contracting and L.A.B. Electric Sales Corp, Eric Appelbaum, to repay over $1m to four company retirement benefit plans and barred him from serving as a fiduciary to employee benefit plans....

EXECUTIVE pensions are set for a massive overhaul following a series of legislative changes, PricewaterhouseCoopers claims.

ZURICH is launching an "early warning" governance service for its corporate pension clients in a bid to tackle underperforming defined contribution funds.

UK - ABN AMRO Asset Management has appointed Deutsche Asset Management's Paul Gray as senior portfolio manager to handle the day to day management responsibilities in its currency team.

Employers will close contract-based defined contribution plans if a governance framework is imposed on them, providers warn.

UK - The Pension Protection Fund (PPF) has contracted Credit Suisse to create a bespoke credit portfolio model and also Moody's KMV to provide correlation data.

BUSINESSES accept they must take more responsibility for their employees' health because the National Health Service is failing them, healthcare provide HSA claims.

US - The 2006 SAVER Summit set out to consider the challenges facing four sectors of society deemed as facing "barriers" to retirement savings, said the summit report published yesterday.

ASIA - Former Fidelity director James Blair has joined Barclays Global Investors (BGI) as head of official institutions Asia ex Japan.