Corus is to close the defined benefit British Steel Pension Scheme to new members.

Moody's warns of downgrades as pension schemes take hit; Steel giant to axe 2,500 UK jobs; State pension 'hit by serious fall in value; Pension protection fund shortfall could reach £1bn; Pension scheme will be 'soft launched' to avert IT disaster; Global...

Law Debenture has appointed Philip Gillett, David Kidd and Eric Stobart to its pension trustee team.

Ratcliff Palfinger has appointed Alexander Forbes Financial Services to set up a group personal pension scheme for its 170 staff.

Schemes have increased life expectancy assumptions used for funding valuations by 11 months in reaction to regulatory pressure, Mercer says.

Kentucky Fried Chicken (GB) Pension Trust has hired RCM to manage a £17m global equity high alpha mandate.

GLOBAL - Henderson has confirmed talks with New Star Asset Management regarding a possible offer for acquisition.

GLOBAL - Global institutional pension fund lost US$5trn in assets, shrinking by around 19% during 2008, a study of 11 major pension markets by Watson Wyatt has revealed.

EUROPE - Private equity firm H.I.G. Europe has acquired trade execution and custody services company FNZ Holdings as part of a management-backed buyout for an undisclosed sum.

Old Mutual Asset Managers (OMAM) has launched a currency hedge fund.