THE Pension Protection Fund has issued important guidance about the information that eligible schemes need to provide to ensure their levies can be calculated correctly.

UK - Cornwall County Council has gone out to tender for a passive global equity mandate for its pension fund, which would initially comprise a portfolio of £50m (US$72.3m).

GLOBAL - Credit Suisse has announced it will cut 5,300 jobs following an estimated preliminary net loss of CHF3bn (US$2.5bn) in the three months to the end of November.

UK - The economic downturn has shifted sponsor covenants to the top of the pensions agenda for UK trustees, Aon Consulting says.

IRELAND - Irish pension managed funds have failed to beat inflation over the last decade, returning just 0.8% per annum on average, compared to the Irish inflation rate of 3.8%.

A High Court ruling that so called "Barber window" payments cannot be split could mean scheme funding demands massively increase, a lawyer warns.

US - Seven institutional investors - members of the Investor network on Climate Risk (INCR) - have called on the top 500 global asset managers to respond to a survey on how they are evaluating climate risks and opportunities.

Including: NETHERLANDS - PGGM appoints CFRO; CANADA - ACPM welcomes pensions review; CHILE - BNPP IP buys BancoEstado subsidiary

Cardano has appointed transitions specialist Andrew Rankin to its London-based operations team.

The Financial Services Compensation Scheme has confirmed to Punter Southall that it covers member benefits under the control of insurance companies.