Proposed changes to the way Pension Protection Fund levies are calculated for multi-employer schemes will put significant pressure on trustees, Aon Consulting warns.

TRANSITIONAL arrangements on the appointment of member-nominated trustees are extremely difficult to understand and could plunge schemes into confusion, a law firm claims.

Bonus rates for the "Save As You Earn" sharesave scheme are being changed by HM Treasury to keep them in line with other interest rates.

UK - OTC derivatives, 'added-value' products and pooled funds were the three principle areas where UK investment managers had operational concerns, according to the results of a survey carried out by Investit Intelligence.

Pensions industry divided over low-cost plans; Braemar fined £182,000 by FSA; Top executives will benefit from age laws; PwC defends major four auditors' stranglehold

ITALY - Italian farmers will be forced to work until they are 80 years old unless their pension system is revised, warned the Italian Confederation of Farmers (CIA) and the National Pensioners's Association (ANP).

HEDGE funds returned an average of 0.43pc during August, latest figures reveal.

ASIA - Azerbaijan president Ilham Aliyev has promised the minimum state pension will increase in conjunction with the country's economic budget.

SAGA'S petition calling for the restoration of scheme wind-up victims' pensions has hit the 3000-signature mark.

BNP PARIBAS has hired Deloitte Touche Tohmatsu head of investment services Tony Osborn-Barker as its global head of pensions.