Scheme finances could deteriorate dramatically over the coming months, Standard Life Investments analysis reveals.

Some 94pc of organisations have failed to discuss the issue of personal accounts at a governance, trustee or board meeting, Aon Consulting research reveals.

Friends Provident has lured Evelyn Bourke from Standard Life to work as its chief financial officer.

IRELAND - Public sector pensions now account for almost 10% of the government's total pay and pensions bill, according to the Irish Department of Finance's latest report.

CANADA - The CAN$52bn Ontario Municipal Employees' Retirement System (OMERS) has confirmed it has taken a stake in Texan electricity company Oncor.

US - Taft Hartley funds with assets greater than $1bn have reported the worst one-year median return at -15.45% in a comparison of institutional assets.

Including: MALAYSIA - CAAM opens Malaysia office; GLOBAL - IASB and FASB announce roundtable locations; GERMANY - db x-trackers launches credit market ETFs

Annuity rates expected to fall, experts predict; BA shares soar as it lifts forecast; First full-year slump since 1940s, says IMF; Private equity is in pain, warns 3i

US - Funding ratios in the typical US corporate pension plan fell 3.7% in October as stocks had their worst month since 1987, according to BNY Mellon Asset Management.

ARGENTINA - Argentina's Lower House has voted to support president Cristina Fernandez de Kirchner's plan to nationalise about US$26bn in private pensions, a proposal that raised concern of a default.