BP is set to close its UK final salary pension scheme to new members from April 2010.

AUSTRALIA - Prime Minister Kevin Rudd has ruled out lifting the age at which Australians can access their pensions to 67 years.

Network Rail has seen its share of the Railways Pension Scheme deficit increase by 79% after a 25% fall in asset values.

Aegon has withdrawn from the UK group risk market in a bid to reallocate capital to businesses with higher growth and return prospects.

Barclays is set to close its final salary scheme to future accruals as part of a review of its pension arrangements.

Taking steps to de-risk company pensions at the end of 2007 could have reduced the FTSE100's combined pensions deficit to £15bn, Towers Perrin calculates.

Mercer has launched a delegated risk management service in a bid to help trustees address funding concerns and speed up decision making.

US - Auto supplier Delphi, a former unit of General Motors, will abandon its pension fund as it emerges from bankruptcy, according to the company's modified reorganization plan revealed yesterday.

Schemes and their providers have just over one week left to make nominations for The Pension Scheme of the Year Awards 2009.

Alexander Forbes International has sold its life and pension administration software arm, Chambers Townsend Consultancy, to its management in a bid to focus on core business activities.