Trustees may ask sponsors for an additional £45bn a year for the next five years to fill in gaping holes in scheme funding levels, Aon Consulting warns.

Gissings has launched its own "streamlined" online defined contribution pension arrangement for clients.

The London Borough of Waltham Forest is looking to appoint an administrator to its pension scheme.

Punter Southall has promoted Alan Wilkes and Neil Lalley to the position of principal for the Wokingham and Guildford offices respectively.

It has been a "horrific" month for the London Pensions Fund Authority which has suffered a 20pc drop in assets, chief executive Mike Taylor has told PP .

Three trustees were ordered to repay £411,000 after loaning half of the scheme's assets to the failing sponsor and making questionable investments in US property.

CANADA - The Canadian government is looking at ways to ease pension funding obligations, following calls from the industry to protect Canadians from the consequences of the recent meltdown of global financial markets.

GLOBAL - Expectations on institutional investors' allocation to private equity are likely to be depressed for the next six months, following a sharp decline in Q3 to the lowest quarterly total since 2005, according to a survey by Preqin.

GLOBAL - Fiduciary management has completely transformed the Dutch pension industry over the past three years, BlackRock says.

INCLUDING: GLOBAL - IOPS appoints technical committee chairman; UK - Women still not saving enough for retirement; UK - Punter Southall promotions