US - The Pension Benefit Guaranty Corporation (PBGC) has started official proceedings to terminate and protect the Lehman Brothers pension scheme.

ISRAEL - The Israeli cabinet is set to assist pensioners whose savings been affected by recent market turmoil.

IRELAND - The Irish government has announced a recapitalisation programme for national credit institutions of up to €10bn (US$13.5bn), which could be funded by the National Pensions Reserve Fund (NPRF).

UK - FairPensions warned fund management companies are likely to endanger investment performance and alienate clients by cutting teams dedicated to analysing environmental, social and governance (ESG) risks and opportunities.

US - Insurance firm AEGON has dropped its request to access the US bailout fund.

Positive steps have been made to address deficits through the scheme funding regime, and clearance activity has fallen, latest data from The Pensions Regulator shows.

The majority of firms are concerned about the impact of pension commitments on company cashflows, PricewaterhouseCoopers research reveals.

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Administrators for failed high street retailer Woolworths have notified the Pension Protection Fund of its collapse and expect member benefits will be rescued.

More integration of non-financial business information in financial statements is needed to enable well-informed investment decision-making, the International Corporate Governance Network says.