Tesco has granted the trustees of its UK pension fund contingent property assets worth £500m, after reporting the scheme's deficit has nearly doubled.

US - The world's largest military contractor Lockheed Martin saw earnings for the first quarter of 2009 decline by 8.8% due to rising pensions costs.

The Social Housing Pension Scheme is set to increase recovery contributions by over 70% and restructure its scheme after preliminary results of its triennial valuation revealed a £380m increase in its deficit.

Here they are - the winners of the UK Pensions Awards 2009.

UK - Alistair Darling has announced he will restrict higher-rate tax relief on pension contributions for people with incomes over £150,000 (US$217,822) from April 2011.

Alistair Darling has announced he will restrict higher-rate tax relief on pension contributions for people with incomes over £150,000 from April 2011.

The design of defined contribution (DC) plans should be improved to include default investment strategies and guarantees, a working paper released by two international bodies says.

Here they are - the winners of the UK Pensions Awards 2009.

Steve Delo has won the Pensions Personality of the Year award.

JAPAN - Japanese corporate pension funds have increased their allocations to domestic bonds and reduced exposure to equities, a survey by JPMorgan Asset Management Japan reveals.