The Pensions Regulator has published a statement emphasising the importance of prudent funding levels and stating where sponsors are in trouble, flexibility is available in recovery plans.

EUROPE/UK - The European Commission has rejected UK media reports suggesting British workers could see pensions cut up to 20% under European rules that govern insurance company capital requirements.

Balanced pooled funds achieved a median return of 2.2% in May, latest CAPS pooled pension fund performance results from BNY Mellon Asset Servicing reveal.

GLOBAL - The majority of asset managers around the world believe their industry will become more polarised, with large players rising to positions of dominance, a report by Create-Research reveals.

Ernst & Young is to appeal a decision of the accountants' disciplinary body over its audit of Equitable Life.

US - The Delphi Salaried Retirees Association (DSRA) has hired law firm Krieg de Vault to challenge Delphi Corporation's announced intention of allowing its salaried pension program to default to the Pension Benefit Guaranty Corporation (PBGC).

The reputation of financial intermediaries - such as investment consultants - among institutional investors has been heavily damaged by the financial crisis, a survey by KPMG has found.

FTSE has teamed up with specialist currency investment manger Record to launch a range of currency indices

The Pension Protection Fund has announced that it will set a pension protection levy estimate of £700m, indexed to wages, for 2010/11.

The recession is increasing pressure on member-nominated trustees faced with conflict of interest issues around their interests as employees or union representatives, Trustee GAAPS warns.